New Delhi, Sep 15 – Artificial Intelligence has the potential to become one of the biggest drivers of India’s economic growth, with a new report by NITI Aayog estimating that AI could add $1.9 trillion to the Indian economy by 2035.
The report, titled “AI for Viksit Bharat: Roadmap for Accelerated Economic Growth”, highlights that globally, AI adoption is expected to generate between $17–26 trillion in value over the next decade. India could capture 10–15% of this global AI value, leveraging its strong base of STEM talent, digital infrastructure, and growing research ecosystem.
AI’s Potential Impact on India’s GDP
According to the report, if India fully adopts AI technologies:
- GDP could reach $8.3 trillion by 2035, compared to $6.6 trillion under the current growth trajectory.
- AI could help bridge 30–35% of India’s growth gap.
- Sectors like banking, manufacturing, pharmaceuticals, electric vehicles, aerospace, and semiconductors could see the biggest impact.
Generative AI, in particular, is expected to reduce research costs, lower entry barriers in billion-dollar industries, and accelerate innovation in areas such as biopharma, auto components, and SpaceTech.
IndiaAI Mission & Investments
To accelerate AI adoption, the government has launched the IndiaAI Mission with a budget of ₹10,000 crore. Key initiatives include:
- Building India-specific large language models (LLMs).
- Deploying 38,000 GPUs to expand AI computing capacity.
- Setting up AI labs in Tier-2 and Tier-3 cities for broader access.
NITI Aayog also unveiled the Frontier Tech Repository, which features over 200 real-life examples of frontier technologies improving lives across India. This repository will help states replicate successful projects and boost adoption.
Challenges Ahead
The report also flagged several challenges for India’s AI journey:
- Many MSMEs lack access to infrastructure and data.
- Skill gaps exist in robotics, chip design, and battery technology.
- AI could reshape 35–40% of jobs globally, making reskilling and consent-based data sharing critical.
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A Call for Collaboration
NITI Aayog CEO B.V.R. Subrahmanyam emphasized the urgency of investment in frontier technologies:
“India cannot become a developed nation without investing in frontier technologies. Spotting trends, creating awareness, and using these technologies will make India future-ready.”
The report calls for collaboration between government, industry, and academia to position India as the data capital of the world and a hub for next-generation innovation.
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