‘Implications of AI on the Indian Economy’ Report

Published on July 29, 2020
Current Context: National Association of Software and Services Companies (NASSCOM) and Indian Council for Research on International Economic Relations (ICRIER) and Google has together released a report titled as ‘Implications of AI on the Indian Economy’.
‘Implications of AI on the Indian Economy’ Report
  • As per the report, Artificial Intelligence can boost India’s GDP by 2.5%. 
  • The NASSCOM, ICRIER and Google state that AI intensity which is measured as the ratio of AI to total sales can give 2.5% enhancement to GDP on an immediate basis term.
  • Thus as per the report, a positive relationship can be noted between AI utilizing firms and total factor productivity growth.
  • The report states that the investment of Rs 7000 crore announced in the union budget for AI, will lead to increase in AI technology and its application area in the country and will ultimately increase India’s GDP.
  • As per the report, Indian AI market for start-ups has attracted USD 762.5 million in 2019.
  • Static Part: 
    • HQ of NASSCOM: New Delhi
    • HQ of ICRIER: New Delhi

Question: 

Q.1 As per the report titled as ‘Implications of AI on the Indian Economy’, India’s GDP can boost by ___% due to the usage of AI technology?
a. 2.5%
b. 3%
c. 1.5%
d. 2%

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