The Potential Impact of AI on the Economic Growth of India

Artificial Intelligence (AI) is today a decisive instrument for global economic transformation, showing superior abilities in terms of speed and accuracy compared to human intelligence, with the prospect of replacing or at least implementing human work. The study analyses how AI can contribute to the economic growth of India, for it to become a high-income country by 2047. Through the comparative analysis of AI development and regulatory strategies in India, USA, and Europe, the research highlights how Artificial Intelligence can help to fill the current Indian growth gap, boosting sectors such as manufacturing, agriculture, healthcare and services. This potential, anyway, can be used only if supported with strong government intervention, in order to help workforce transition and pledge a more inclusive wealth distribution. With these premises, AI could become the true catalyst of Indian economic growth.