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AI is reshaping global trade by providing innovative solutions and presenting new challenges. India is urged to adapt its policies to leverage AI for enhancing export growth while addressing regulatory hurdles. The potential for AI to boost trade growth by up to 14% by 2040 highlights its significance in the global economy.
The integration of AI into various sectors, including ICT and automation, is driving demand for new products and services. India's initiatives, such as the Production Linked Incentives and Semiconductor Mission, are timely responses to capitalize on AI's potential, aiming for a $2 trillion export target by 2030.
• AI could increase global trade growth by 14% by 2040.
• India aims for $2 trillion in exports by 2030 through AI integration.
AI is utilized to enhance productivity and efficiency in various sectors, impacting global trade.
AI technologies can be part of products traded as intellectual property, influencing trade dynamics.
Automation systems powered by AI are transforming sectors like agriculture and transportation, enhancing operational efficiency.
WTO studies indicate that AI adoption can significantly boost global trade growth, emphasizing its importance.
ICEA reports on India's electronics production and export growth, highlighting the role of AI in this sector.
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