AI could add up to 1.4 percentage points annually to GDP growth: IIM-A study

Adoption of artificial intelligence or AI could add up to 1.4 percentage points annually to India’s real GDP growth, a study by the Indian Institute of Management Ahmedabad (IIM-A) and Boston Consulting Group (BCG) said on Wednesday.

The IIMA-BCG joint study report, titled “AI in India – A Strategic Necessity” on the AI readiness levels of Indian businesses, was released at IIMA campus by the premiere management institute’s director Bharat Bhasker.

“AI will have a transformative impact on economies, societies and civilisation at large. In India alone, successful adoption of AI could add up to 1.4 percentage points annually to real GDP growth,” said the report.