AI can add $1 trillion to India’s GDP by 2035, funding for AI companies doubles to $1.3 billion: OpenAI-Z47 report

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Artificial intelligence-led productivity gains can add $1 trillion to India’s GDP by 2035, helping the country move closer to its $8.3 trillion Viksit Bharat target, according to a joint report released by OpenAI and venture capital firm Z47. The report said AI could add 1-1.5 percentage points to India’s annual GDP growth.

 

The report, titled The India AI Edge, said India has emerged as the world’s second-largest AI market with more than 100 million weekly ChatGPT users. India also ranks among the top five globally on AI “thinking capability”, measured through reasoning usage by advanced users.

Despite this scale, fewer than 10% of Indians currently use AI, pointing to significant room for growth in adoption. The report noted that India’s top 10 cities account for nearly 50% of AI activity despite making up less t…

 

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