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1h ago

NITI Aayog’s AI Roadmap Projects Up to $1.7 Trillion Lift to India’s GDP by 2035

Finance leaders urge fast-moving, enabling rules plus large-scale skilling to capture the opportunity.

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Finance Minister Nirmala Sitharaman interacts with entrepreneurs from frontier tech industry at NITI Aayog event on Monday in New Delhi | X/@nsitharamanoffc
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Overview

  • NITI Aayog released 'AI for Viksit Bharat' in New Delhi, positioning AI as a decisive lever to reach an 8% growth path by 2035 versus a $6.6 trillion baseline at 5.7%.
  • The roadmap identifies three growth levers: broad industry adoption (30–35%), generative‑AI‑driven R&D (20–30%), and higher‑value technology services (15–20%).
  • Accelerated adoption alone could add $500–600 billion, with total AI-led uplift estimated at $1.4–$1.7 trillion; CEO BVR Subrahmanyam cited a $2 trillion upside under favorable execution.
  • Sector analyses flag $50–55 billion in potential value for financial services and $85–100 billion for manufacturing by 2035, with additional gains in pharmaceuticals and software-defined vehicles.
  • FM Nirmala Sitharaman called for 'regulation on a sprint' and sandbox testing with the RBI, while the report presses for compute investment, sovereign data platforms, ethical frameworks, and nationwide reskilling to manage job shifts and include MSMEs.