This document discusses artificial intelligence and its potential economic impact in India. It provides definitions of AI and notes that global AI investment is expected to have a 50.1% compound annual growth rate through 20211. It then discusses the types of AI, including narrow AI and general AI. The document outlines several sectors that are adopting AI, such as manufacturing, healthcare, agriculture, financial services, and education. It provides examples of current AI uses in India, such as using AI for crime prediction. Finally, it discusses challenges to AI adoption in India, including impacts to the workforce and barriers businesses face in integrating AI.

1. Manav Rachna International Institute Of Research And Studies
(Deemed to be University under Section 3 of the UGC Act, 1956)
An MBA Project
India set for Artificial
Intelligence-led economic
transformation
Project Submitted To:- Project Members:-
Shilpa Arora Assistant Professor Abhinav (020)

2. What is Artificial Intelligence?
AI may very well be the single biggest innovation upheaval
of our live occasions, with the possibility to disturb all
parts of human presence.
Worldwide ventures are figure to accomplish a compound
yearly development rate (CAGR) of 50.1% to achieve
USD57.6 billion out of 20211 .
AI as associations figure out how to open the esteem caught
in huge volumes of information.
AI is a star grouping of innovations that empower machines
to act with more elevated amounts of insight and copy the

3. Figure 1 shows the combination of Emerging AI Technologies and
It’s illustrative solutions.

4. Figure 2 Gives a representation of
evolution of AI over the years.

5. Types of Artificial Intelligence:-
There are mainly 2 types of Artificial intelligence in the market 1)
Artificial Narrow Intelligence
2) Artificial General Intelligence

6. Figure 4 Represent the difference between Narrow AI and
General AI

7. The Various Sectors where AI can be adopted are

8. The Major Sectors are as follows :-
1) Manufacturing and supply chain 2) Healthcare
3) Agriculture
4) Financial Services
5) Education
6) Consumer and Retail
7) Accessibility technology for the differently abled 8)
National Security and defence
9) Public And Utility Service
10)Environment

9. Current AI adoption and future AI investments by sector

11. MANUFACTURING :
AI offers the desire for enhancing production network administration
and asset usage. Both of these components are fundamental for
manufacturing and development up the esteem chain.
CRIME PREDICTION :
Indian specialists are utilizing AI grew abroad to foresee crime and
mediate before it occurs. For instance, an Israeli organization called
Cortica is working with the Best Gathering "to break down the
terabytes of information spilling from CCTV cameras out in the
open territories
PRECISION AGRICULTURE

13. • AI and its impact on industry :
The innovation animates machine insight by showing them varying media discernment
and thinking. Such machines would then be able to justify and take care of issues like a
human, and substantially more productively. The investigation, innovation, and
procedures empowering this has brought about new information sections like
'information examination's and 'machine learning' (ML).
AI in the Indian economy :
As of late, the nation's head designing and research establishment, the Indian Institute of
Technology (IIT), Delhi and the Automation Industry Association (AIA), went into an
organization to create innovation in the territory of savvy producing.
The AI challenge to India’s workforce :
A noteworthy stress for India is AI's effect on the nation's workforce. In 2016, the
World Bank evaluated that 69 percent of occupations right now in India are at the

14. Key barriers to AI integration for businesses

15. Key concerns associated with AI-run customer service

16. Thanks >>