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Generative AI is projected to augment or automate 31% of work hours in India, significantly enhancing productivity. This shift could lead to a 0.6 percentage point increase in GDP growth annually, contributing an estimated $675 billion in economic value by 2038. Accenture's report highlights that while the impact is substantial, India ranks lowest among APAC nations in terms of work hour changes due to generative AI.
The report reveals that 96% of APAC business leaders recognize the transformative potential of generative AI. However, there is a notable gap in training availability, with only 4% of businesses offering generative AI training at scale. Concerns among workers about job security and burnout highlight the need for responsible AI adoption and workforce development.
• Generative AI could automate 31% of Indian work hours, boosting productivity.
• India ranks lowest in APAC for generative AI's impact on work hours.
The report discusses how generative AI will significantly alter work hours and productivity in various sectors.
The potential GDP growth from generative AI adoption in India is projected at 0.6 percentage points annually.
The article emphasizes the need for prioritizing workforce development alongside AI investments.
Accenture's research provides insights into the impact of generative AI on work hours and economic growth in the APAC region.
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