India, a burgeoning technology powerhouse, stands on the brink of a transformative era with the adoption of Generative AI. This cutting-edge technology is reshaping industries like healthcare, finance, and manufacturing, offering unparalleled opportunities for innovation and digital advancement. Indian enterprises now have the chance to redefine their market presence and meet the dynamic demands of the digital age through Generative AI.
The rising tide of interest in Generative AI is undeniable. A recent EY India report titled The AIdea of India: Generative AI’s potential to accelerate India’s digital transformation’, highlights its monumental impact, predicting that Generative AI could contribute a staggering US$1.2-1.5 trillion to India's GDP over the next seven years. By 2029-30, it could add US$ 359-438 billion to the economy, marking a 5.9% to 7.2% increase over the baseline GDP. These figures underscore the transformative power of Generative AI in accelerating India’s digital journey.
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