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Restarting India: Data & AI could add $500 billion to India's GDP by 2025, says NASSCOM

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The COVID-19 pandemic has hit growth hard and as the economy begins to unlock it's an uphill climb on the road back to growth. IT industry body NASSCOM along with McKinsey has released a report titled 'Unlocking Value from Data and AI' - the India opportunity. Shereen Bhan spoke to Debjani Ghosh President of NASSCOM, Anant Maheshwari President of Microsoft India and Srikanth Velamakanni Co-Founder & Group CEO of Fractal Analytics

The COVID-19 pandemic has hit growth hard and as the economy begins to unlock it's an uphill climb on the road back to growth. IT industry body NASSCOM along with McKinsey has released a report titled 'Unlocking Value from Data and AI' - the India opportunity.
The report suggests that data and artificial intelligence could contribute as much as USD 450 to 500 billion to India's GDP by 2025.
The contribution of data and AI in just the consumer goods and retail sector could be as much as USD 90 to 95 billion.
NASSCOM recommends that the government launch a national programme for the further development of artificial intelligence, including the creation of an apex body.
It suggests that a data and AI action plan be finalised in the next three months and work on three to five socio-economic programs be started. To discuss this, Shereen Bhan spoke to Debjani Ghosh President of NASSCOM, Anant Maheshwari President of Microsoft India and Srikanth Velamakanni Co-Founder & Group CEO of Fractal Analytics.