India poised to gain over 500 billion dollars from AI by 2030, says IBM-IndiaAI study
A new IBM-IndiaAI study projects that artificial intelligence could add over $500 billion to India’s economy by 2030. While most business leaders expect strong GDP impact, 72 per cent of organisations admit they are lagging in global AI adoption.
Hyderabad: India is entering a defining phase in its economic transformation as artificial intelligence (AI) is set to move beyond experimentation to become a foundational force powering national growth, according to a new study by the IBM Institute for Business Value and IndiaAI.
The research revealed that AI could contribute more than $500 billion to India’s economy by 2030, positioning the country among the world’s most dynamic AI-driven economies.
Titled ‘From promise to power: How AI is redefining India’s economic future’, the study underscores a powerful convergence of ambition and urgency: four in five business leaders believe AI investments will directly influence India’s GDP growth, while 73 percent expect India to emerge as a leading global AI nation by 2030.
The research also revealed a critical inflection gap as 72 percent of surveyed organizations acknowledge they are behind global peers in AI adoption. Bridging this divide between ambition and execution will be pivotal in determining India’s leadership in the global AI economy.
Speaking at the report’s launch, Ministry of Electronics & Information Technology secretary S Krishnan said India is no longer just participating in the global AI conversation but helping shape it.
IBM India & South Asia managing director Sandip Patel said AI has the potential to become one of the most powerful growth engines for India’s economy.
