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bl interview. AI can help India leapfrog and close the gap with large economies, says Blackrock's Ben Powell

Artificial Intelligence reshaping global economy, India can leverage AI for rapid transformation and economic growth, says investment strategist.
The article from The Hindu Business Line discusses insights from Ben Powell, BlackRock's APAC Head of iShares and Index Investing, on how Artificial Intelligence (AI) could significantly benefit India's economic landscape. Powell highlights that AI has the potential to help India "leapfrog" and close the economic gap with larger economies by enhancing productivity, particularly in sectors like healthcare, education, and agriculture. He emphasizes AI's role in automating processes, improving efficiency, and fostering innovation, which could lead to substantial economic growth. Powell also notes the importance of India's large, young, and tech-savvy population in driving AI adoption, suggesting that with the right policies and investments, AI could be a game-changer for India's development trajectory. However, he cautions that the transition must be managed carefully to address issues like job displacement and ensure equitable growth.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/info-tech/ai-can-help-india-leapfrog-and-close-the-gap-with-large-economies-says-blackrocks-ben-powell/article68972541.ece ]