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Data, AI can add $500 bn to India's GDP, need to be leveraged: Nasscom

Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail, agriculture, and banking and insurance, the report said

Finance organisations must focus on risk, governance to be future-ready
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The report highlighted the importance of building an AI innovation ecosystem and to seek greater participation from the private sector and entrepreneurs

Press Trust of India
Data and artificial intelligence (AI) can add $450-500 billion to India's GDP by 2025, representing about 10 per cent of the $5 trillion economy aspiration of the Indian government, said a report by Nasscom on Tuesday.
Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail ($90-95 billion), agriculture ($60-65 billion), and banking and insurance ($60-65 billion), the report said.
The report - titled Unlocking Value from Data and AI - presented an action plan with five key building blocks to promote increased data utilisation and adoption of AI, including strategy, data, technology

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First Published: Aug 18 2020 | 8:38 PM IST

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