AI & Online Gaming Set to Boost India's GDP by $300 Billion by 2026-27: Minister

Posted under: Extended Reality
Date: 2023-10-17
AI & Online Gaming Set to Boost India's GDP by $300 Billion by 2026-27: Minister

Union Minister Rajeev Chandrasekhar believes that Artificial Intelligence (AI) and online gaming can significantly boost India's GDP by up to $300 billion by 2026–27. To promote AI's growth, the government is organizing the 'India AI-2023' global summit on December 10. Chandrasekhar considers AI a key driver of the digital economy's expansion, aiming to achieve a $1 trillion digital economy and a $5 trillion GDP by 2026–27. The 'India AI' program, launched by Prime Minister Narendra Modi, underscores AI's importance to these goals. Chandrasekhar acknowledges the importance of online gaming for youth and addresses concerns regarding misuse of the internet. The government has finalized a framework to regulate online gaming, combating bad actors while promoting industry growth and innovation. This commitment to harnessing emerging technologies showcases the government's dedication to leveraging AI and online gaming for economic advancement.

Read more at: ts2.space