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Intelligent automation can boost economy to USD 5 trillion

Feb 6, 2020 by The Passage Team
Intelligent automation can boost economy to USD 5 trillion

Intelligent automation will catapult the Indian economy from USD 2.7 trillion to USD 5 trillion in the next five years, says a new study commissioned by Automation Anywhere, a global provider of robotic process automation (RPA).

According to IMF estimates, India’s GDP is expected to reach USD 4.6 trillion by FY25 at the current projected growth rates, with macro-economic variables being stable. However, Automation Anywhere’s study reveals that addition of 16 per cent of incremental automation across industry sectors, including BFSI, telecom, retail-cpg, oil and gas, logistics and transportation, can potentially contribute USD 365 billion more to the economy, to reach USD 5 trillion by 2024 -25.

Source: Business Line

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