Paper Key : IRJ************524
Author: Darpan Sanjay Kanekar
Date Published: 07 Oct 2023
Abstract
ABSTRACT:The magic term, Artificial Intelligence (AI), has altered both our personal and professional lives. Because of its potential benefits, AI adoption is regarded as critical in the industry 4.0. Since its inception, it has brought several possibilities as well as obstacles to various businesses. As a result, several AI-powered technologies have been developed that have the potential to dramatically boost the economy by increasing people's quality of life. AI has a significant impact in several sectors of the Indian economy, including agriculture, industry, and services such as banking, transportation, public administration, and defence. As a result, it has a significant impact on GDP growth. As a result, the benefits of AI are projected to be amplified across the aforementioned industries. As a result, no country can escape the influence of technological breakthroughs in the globalization period. However, by putting in place the required infrastructure and policies, the advantages may be maximized while losses are minimized. While other governments have determined their AI policy, India has yet to do so. As a result, the current essay examines the current and future usefulness of AI in Indian industry and offers a path ahead for India.
DOI LINK : 10.56726/IRJMETS45102 https://www.doi.org/10.56726/IRJMETS45102