Daily Current Affairs / AI Set to Add $500-600 Billion to India’s GDP by 2035
Category : Business and economics Published on: September 18 2025
A NITI Aayog report, "AI for Viksit Bharat", projects that faster AI adoption across industries could add $500-600 billion (₹44-53 lakh crore) to India’s GDP by 2035. With its large STEM workforce, expanding R&D, and digital capabilities, India can capture 10-15% of the global AI value pool. The report highlights that AI can significantly boost productivity in financial services and manufacturing, potentially contributing 20-25% of these sectors' GDP, while also creating new tech jobs and displacing low-skill roles. India’s GDP could rise from $6.6T to $8.3T by 2035 with AI-led growth, emphasizing the need for sector-specific strategies and frontier innovations for sustainable development.
US President Donald Trump announced a new ‘Trump-class’ of heavily armed warships to modernise and expand the US Navy amid concerns over China’s growing naval power.
Read More....Advocate Shubham Awasthi was honoured with the 40 Under 40 Lawyer Award 2025 for his professional excellence and humanitarian contributions.
Read More....Oman has introduced its first polymer one-rial banknote, issued by the Central Bank of Oman, to enhance currency durability and security.
Read More....The NSSH Scheme of the MSME Ministry promotes SC/ST entrepreneurship by providing capacity building, market access and support for mandatory 4% public procurement.
Read More....Kisan Diwas is celebrated on 23 December every year to honour farmers’ contributions and mark the birth anniversary of Chaudhary Charan Singh.
Read More....India has excluded the dairy sector from its free trade agreement with New Zealand to protect small domestic dairy farmers.
Read More....India handed over three Quick Impact Projects (QIPs) to Myanmar’s Mandalay Region to boost vocational education, women’s training, and clean energy initiatives.
Read More....Supreme Court defines Aravalli Hills uniformly, emphasizing ecological and geological conservation across Gujarat, Rajasthan, Haryana, and Delhi.
Read More....JNCASR researchers discover the exocyst protein complex, a key regulator of cellular autophagy, with implications for neurodegenerative diseases and cancer.
Read More....India exported 3 metric tonnes of GI-tagged Indi Lime from Karnataka to Oman, enhancing global market access under the India-Oman CEPA/FTA.
Read More....
