India's AI Push to Boost Economy by $1.7 Trillion by 2035, Govt Says

• India's AI initiatives, including the IndiaAI Mission, are projected to add $1.7 trillion to the economy by 2035.
• AI is set to revolutionize education, urban services, and public governance, guided by the vision 'Making AI in India and Making AI Work for India'.
• The IndiaAI Mission was approved in March 2024 with a budget of Rs 10,371.92 crore over five years.
• NITI Aayog's report highlights AI's potential to empower 490 million informal workers and boost productivity.
• India ranks 3rd globally in AI competitiveness; 87% of enterprises use AI, and the AI talent base is expected to double by 2027.

Why It Matters: India's strategic AI investments are set to significantly boost its economy and societal development by 2035.