AI to Add $500B to India's Economy

A joint study by IBM and India — IndiaAI Mission, an initiative of the India — Ministry of Electronics and Information Technology, projects that Artificial Intelligence could contribute over $500 billion to India's economy by 2030. The report, 'From Promise to Power: How AI Is Redefining India's Economic Future', surveyed 1,500 Indian executives and found that 80% believe AI investments will influence India's GDP growth, with 73% expecting India to be a leading AI nation by 2030. Despite this optimism, the study highlights a significant 'inflection gap', with 72% of organizations lagging global peers in AI adoption. Key barriers include a lack of accessible cloud infrastructure (77% of respondents), uneven data quality (57%), and a growing skills gap, as only 30% of employees currently possess the required AI literacy. India — Ministry of Electronics and Information Technology Secretary Ajit Krishnan and IBM India & South Asia Managing Director Sandip Patel both emphasized India's human-centric approach to AI and the need for strategic investments in skills, governance, and infrastructure to achieve sustained economic impact.