Different aspects of the Role of AI in Developed and Developing Countries in the Indian Economy

Year : 2024 | Volume :11 | Issue : 02 | Page : –
By

Ashish Prasad,

  1. PGT Economics Department of Economics, DAV Public School, Bariatu, Ranchi Jharkhand India

Abstract

Nothing is permanent; change is a constant in our world, often bringing both positive and negative effects. Modern technology is now ubiquitous, benefiting countries while also posing challenges. The critical question is the impact of artificial intelligence (AI) in the future. AI concepts have roots in ancient India, seen in the stories of Epics and Upanishads, such as the Ramayana’s Pushpak Viman and the Mahabharata’s Sanjay’s divine vision.
This research traces AI from its origins to its current state, examining its implementation challenges and economic impacts. It explores how different countries use AI to boost GDP growth and curb corruption. The research employs analytical and critical analysis, utilizing secondary data from magazines, articles, and government reports. Case studies from the US, UK, Japan, India, Italy, China, Iran, and Russia are included to highlight the varied use and consequences of AI across different economies.
The study focuses on AI’s impact on agriculture, industries, employment, poverty, medicine, health, supply chains, communication, science, and production. It seeks to understand the diverse applications and outcomes of AI in different national contexts.

Keywords: Artificial Intelligence, Gross Domestic Product, Supply Channel, MSMEs (Micro small Medium Enterprises), employment generation.

[This article belongs to Journal of Software Engineering Tools & Technology Trends(josettt)]

How to cite this article: Ashish Prasad. Different aspects of the Role of AI in Developed and Developing Countries in the Indian Economy. Journal of Software Engineering Tools & Technology Trends. 2024; 11(02):-.
How to cite this URL: Ashish Prasad. Different aspects of the Role of AI in Developed and Developing Countries in the Indian Economy. Journal of Software Engineering Tools & Technology Trends. 2024; 11(02):-. Available from: https://journals.stmjournals.com/josettt/article=2024/view=155771

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Regular Issue Subscription Review Article
Volume 11
Issue 02
Received April 17, 2024
Accepted May 13, 2024
Published July 9, 2024
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