Close this search box.

We are creating some awesome events for you. Kindly bear with us.

AI Could Contribute US$15.7 Trillion to Global Economy by 2030


The Comptroller and Auditor General of India (CAG), Girish Chandra Murmu, stated that by 2030, artificial intelligence (AI) could add US$ 15.7 trillion to the global economy. However, he has also expressed concerns about maintaining ethical standards in audits and safeguarding privacy in relation to the use of AI.

At a recent event, he explained that democratising AI technology is inevitable and has the potential to lead to socioeconomic growth, and it could be used to benefit citizens and the country through targeted and timely intervention. The CAG added that AI has the potential to solve issues in areas like healthcare, retail, finance, agriculture, food, water resources, environment and pollution, education, special needs, transportation, energy, public safety, disaster, management, and judiciary.

He also addressed concerns related to transparency and fairness. According to the official, these issues include the impact of AI on privacy, bias, and discrimination in AI systems, and an inadequate understanding of AI algorithms by the public. He highlighted the need for responsible AI.

While recognising the importance of sustainability, growth, and the role of emerging technologies, Murmu stated that responsible AI and the blue economy represent new-age opportunities and concerns. He explained the importance of prioritising the blue economy, which is an economic system that includes various policies and operational dimensions focused on conserving marine and freshwater environments while promoting their sustainable use. The blue economy aims to produce food and energy, support livelihoods, and act as a driver for economic advancement and welfare.

With the rapid growth of AI and machine learning (ML), experts predict that most businesses will shift to AI-powered systems, apps, security systems, data analysis, and other applications in the future. AI is expected to add US$ 967 billion to India’s economy by 2035 and US$ 450–500 billion to India’s GDP by 2025, accounting for 10% of the country’s US $5 trillion GDP target.

In December, OpenGov Asia reported that India ranked 32nd among 181 nations in the AI Readiness Index 2022. The government claimed that the world is beginning to see the impact of India’s National AI Strategy, published in 2018. The quality of India’s IT talent pool is a contributing factor.

The country has developed several initiatives aimed at embedding AI use throughout all levels of government and society, as well as ensuring that technological developments reinforce India’s place in the international realm. For example, its draft National Data Governance Framework aims to transform and modernise the government’s data collection and management processes and systems. The government has also set a target to train three million government officials in AI and other emerging technologies.

Recently, the National Institute of Transforming India’s (NITI Aayog) Atal Innovation Mission decided to upskill the education sector by adding IT skills to the formal curriculum. The larger aim is to align the National Education Policy 2020’s (NEP 2020) guidance to increase the pace of tech integration for youth, bridge the future skills gap in the country, and optimise the current infrastructure (including Atal Tinkering Labs) towards making India AI-ready.

The new methodology will enable the shift in teaching pedagogies from traditional to digital with several additional benefits and increased efficiency. Integrating AI with lesson plans and making them part of everyday teaching-learning activities can help enable the students to imbibe the digital-first mindset.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.