Generative AI to add $359 bn-$438 bn to India’s GDP by FY30: RBI DG Patra

Forecasts indicate that generative artificial intelligence (AI) could add between $359 billion and $438 billion to India’s GDP by 2029-30, said Michael Debabrata Patra, Deputy Governor of Reserve Bank of India (RBI) on Wednesday.

The adoption of AI in production processes by Indian firms has risen from 8 per cent in 2023 to 25 per cent in 2024.