Intelligent automation can boost economy to $5 trillion by FY25: Study

Intelligent automation will catapult the Indian economy from $2.7 trillion to $5 trillion in the next five years, says a new study commissioned by Automation Anywhere, a global provider of robotic process automation (RPA).

According to IMF estimates, India’s GDP is expected to reach $4.6 trillion by FY25 at the current projected growth rates, with macro-economic variables being stable. However, Automation Anywhere’s study reveals that addition of 16 per cent of incremental automation across industry sectors, including BFSI, telecom, retail-cpg, oil and gas, logistics and transportation, can potentially contribute $365 billion more to the economy, to reach $5 trillion by 2024 -25.

Efficiency in operations

The study, which was presented at IAMAI’s India Digital Summit 2020, examined the economic impact of automation and found that large-scale adoption of automation technologies — such as RPA,