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AI expected to boost India's annual growth by 1.3 pc, says Niti paper

IBEF:  July 30, 2020

The government plans to introduce Artificial Intelligence (AI) into the university curriculum as the new-age technology and funds research specific projects working in AI. This move is expected to boost India's annual growth rate by 1.3 per cent by 2035, according to a discussion paper by NITI Aayog.

According to the draft paper titled 'Towards Responsible #AIForAll', there is potential of large-scale adoption of AI in a variety of social sectors. "AI expected to boost India's annual growth rate by 1.3 per cent by 2035. The government may fund specific research projects in responsible AI and introduce ethics of AI into the university curriculum," the draft document said.

The effect caused by AI are not new, the document said adding that the existing legislations cover most of the consequences raised under 'Systems Consideration'. AI has seen growth in recent years and has attracted both private sector and government agencies in developing tools to manage the risks. According to the draft document, the rapid rise of AI has led to automation of several routine jobs.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.