It can be stated that Artificial Intelligence (AI) is going to bring a paradigm shift to the Indian economy. It has the potential to enhance the productivity of various industries such as manufacturing, healthcare, and finance, among others, by the automated performance of repetitive tasks. This will achieve cost efficiencies and operational effectiveness leading to enhanced economic growth. Very large sets of data can also be processed through analysis to provide AIe a data driven approach which makes it possible to develop effectiveness without having to rely on the data that act ic.

Yet, growing dependency on AI technologies and applications also has its disadvantages. One of these is the ‘jobless society problem’ as people will not have jobs due to mechanization processes in some industries carried out by machines. Another challenge arises from gender inequality which arises from UAs, as these technologies can equally enhance the current socio-economic differences in society. Gender bias within the operational processes and the AI tools is worrisome as it will lead to division due to fairness in processes among people. Issues with AI systems come down to also the issue of how secure and private the users especially those with sensitive information will be.

To maximise the benefits while reducing the negative implications of AI, a strong regulatory approach is needed to support innovative yet ethical practices in India. Preparing the current labour for the inevitable changes in work processes in the next era will require spending the next few years on AI training and skill acquisition. The most important factor in creating best practices for AI is the cooperation of government, business, and educational structures and their joint involvement in AI. Solutions to the above observed problems will allow India to become a key player in the worldwide movement of artificial intelligence.