In the realm of technology, a recent report by EY suggests that Generative AI (GenAI) could be a game-changer for India's economy, potentially contributing a substantial $1.2-1.5 trillion to the GDP by 2030. Let's dive into the key findings and implications outlined in the report. The Impact on India's GDP The EY report, titled 'AIdea of India: Generative AI’s potential to accelerate India’s digital transformation,' forecasts that GenAI holds the power to add $359-438 billion to India's GDP in the fiscal year 2029-30 alone. Sectors like business services, financial services, education, retail, and healthcare are expected to be at the forefront, contributing around 69% to this economic surge. A Shift in Approach The study reveals a growing trend as organizations are swiftly adopting an AI-first approach to digital transformation. Mahesh Makhija, Technology Consulting Leader at EY India, notes the optimism surrounding AI but emphasizes the need for increased gover
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