Artificial Intelligence used in Indian Economy Development and Management

Suraj Sunil chavan

doi:10.36948/ijfmr.2023.v05i05.6836

Artificial Intelligence used in Indian Economy Development and Management

Author(s)	Suraj Sunil chavan
Country	India
Abstract	The rapid advancement of Artificial Intelligence (AI) has significantly transformed industries across the globe, including the economic landscape of India. This research paper explores the multifaceted role of AI in the development and management of the Indian economy. With a focus on key sectors such as agriculture, healthcare, manufacturing, and finance, this paper provides a comprehensive analysis of how AI technologies are reshaping traditional paradigms and propelling India towards economic growth and sustainability. In the agricultural sector, AI-driven solutions are improving crop yields, resource management, and supply chain optimization. Through precision farming techniques, AI enables farmers to make data-driven decisions, thereby enhancing productivity and reducing resource wastage. Furthermore, AI-powered weather forecasting systems aid in mitigating climate-related risks. Manufacturing, a cornerstone of India's economy, has witnessed a revolution with the integration of AI-powered robotics and automation. This has led to increased efficiency, reduced costs, and improved product quality, making Indian manufacturing globally competitive. Moreover, this research paper delves into the opportunities and challenges of AI adoption in India, taking into account factors such as infrastructure development, skill enhancement, and international collaborations. It highlights the importance of a cohesive approach involving government, industry, and academia to harness the full potential of AI for economic development.
Keywords	Artificial Intelligence, Indian Economy, Economic Development, Management, AI Adoption, Ethics, Regulation, Sectoral Impact.
Field	Computer > Artificial Intelligence / Simulation / Virtual Reality
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-09-26
Cite This	Artificial Intelligence used in Indian Economy Development and Management - Suraj Sunil chavan - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.6836
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.6836
Short DOI	https://doi.org/gstdb3

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Artificial Intelligence used in Indian Economy Development and Management

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