AI could unlock up to $1.7-trn boost to India’s economy by 2035: NITI Aayog

Artificial Intelligence (AI) could add an extra $1–1.7 trillion to India’s economy by 2035, enabling the country to achieve its Viksit Bharat vision of sustained 8%+ annual growth, according to a new report by NITI Aayog.

The report, AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth, estimates that India’s GDP could reach $8.3 trillion by 2035 with accelerated AI adoption, compared to $6.6 trillion under the current 5.7% growth trajectory. “If India is to accelerate its growth to the 8% annual rate required for Viksit Bharat, we have no option but to significantly raise productivity across the economy and unlock new growth through innovation. AI can be the decisive lever,” said BVR Subrahmanyam, CEO of NITI Aayog, in his foreword.