Artificial Intelligence (AI) is quietly becoming a central force in the global economy, with a projected market size of $6.26 billion in 2024, expected to surge to $28.36 billion by 2030, according to Statista. Its influence spans across industries, from healthcare, where AI is used for predictive analytics, to manufacturing, where it drives automation, and retail, where it personalises consumer experiences. This technological shift isn’t just about replacing traditional methods; it’s about reimagining them. AI is enabling companies to refine their operations, innovate faster, and adapt to changing market conditions more effectively.
In India, AI’s integration into business strategies is poised to become a crucial factor in determining competitiveness and growth. As companies across sectors harness AI’s potential, they are not only streamlining processes but also opening new avenues for revenue. This transformation is setting the stage for a more data-driven, efficient, and responsive economy. As AI continues to evolve, its role in shaping the future of the Indian economy will likely expand, influencing everything from job creation to the development of new industries.
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“The foundation of the digitally empowered Bharat was laid by the Digital India programme launched by our prime minister in 2015,” Prasada said.
The chief guest is addressing the audience.
“Regulation should be light and balanced, carefully avoiding any stifling impact on the industry‘s innovative spirit while still ensuring necessary oversight,” Raj said for AI and the government intervention.
Welcome to the Financial Express Digital Bharat Economy Conclave! First off, we have Rishi Raj, executive editor, Financial Express, who will give the opening address.
Our Chief Guest for the event Shri Jitin Prasada, Honourable Minister of State of Commerce and Industry; and Electronics and Information Technology, Government of India is here.
The stage is all set, kicking off in a while!
The event will be starting shortly. Stay tuned!