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

MUMBAI: The country has everything going for it in its bid to reap the maximum benefits from fast-evolving technologies such as generative AI, which can unlock new growth avenues and optimise existing ones with the digital public infrastructure, Reserve Bank deputy governor Michael Patra has said.

Forecasts suggest that generative AI is projected to boost global GDP by $7-10 trillion over the next three years. Large language models alone are expected to enhance worker productivity by 8 to 36 percent, he added.