Data, AI can add $500 bn to India's GDP, need to be leveraged: Nasscom

Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail, agriculture, and banking and insurance, the report said

Data and artificial intelligence (AI) can add $450-500 billion to India's GDP by 2025, representing about 10 per cent of the $5 trillion economy aspiration of the Indian government, said a report by Nasscom on Tuesday.

Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail ($90-95 billion), agriculture ($60-65 billion), and banking and insurance ($60-65 billion), the report said.

The report - titled Unlocking Value from Data and AI - presented an action plan with five key building blocks to promote increased data utilisation and adoption of AI, including strategy, data, technology