{"id":5703,"date":"2024-01-01T16:45:32","date_gmt":"2024-01-01T16:45:32","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=5703"},"modified":"2026-04-03T08:27:04","modified_gmt":"2026-04-03T02:57:04","slug":"artificial-intelligence-and-its-impact-on-economic-growth","status":"publish","type":"page","link":"https:\/\/icert.org.in\/index.php\/sodh-sari-vol-3-issue-1\/artificial-intelligence-and-its-impact-on-economic-growth\/","title":{"rendered":"Artificial Intelligence and Its Impact on Economic Growth"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Shodh Sari-An International Multidisciplinary Journal<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Vol-03, Issue-01 (Jan-Mar 2024)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2959-1376<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Artificial Intelligence and Its Impact on Economic\u00a0Growth<\/span><\/p>

Choudhary, Sanju\u00a0<\/span><\/p>

Assistant Professor in Computer Science, F.G.M. Govt. College, Adampur (Hisar), Haryana<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

DOI: <\/span>https:\/\/doi.org\/10.59231\/SARI7676<\/span><\/a><\/p>

Subject: Economics \/ Computer Science \/ Information Technology<\/span><\/p>

Page No.356-368<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Received: Dec 06, 2023\u00a0<\/span><\/p>

Accepted: Dec 26, 2023\u00a0<\/span><\/p>

Published: Jan 01, 2024<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Thematic Classification: Artificial Intelligence (AI), Economic Growth, Digital Economy, Automation and Labor, Productivity Enhancement, Technological Innovation, GDP Drivers, Future of Work, Haryana Economic Perspective.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Abstract<\/span><\/p>

Artificial intelligence (AI) has risen as a paramount force, fundamentally altering the contours of the contemporary economy. Its transformative potential transcends industries, promising to reshape them and serve as a catalytic agent for economic expansion. This research paper embarks on an exploration of the multifaceted dimensions of AI’s influence on economic growth. We delve into its profound contributions, dissecting the impact it has on productivity, innovation, labor markets, and the disruptive waves it sends through industries. With a keen eye on the path ahead, we navigate the challenges and opportunities that AI bestows upon policymakers, businesses, and society at large. A central theme that threads through this examination is the paramount importance of nurturing sustainable and inclusive economic development in the AI era. Through a meticulous analysis of the current landscape of AI adoption and its potential ramifications, our goal is to shed light on the trajectory that AI-driven economic growth is poised to take, offering valuable insights for shaping a future where AI’s transformative power benefits all.<\/span><\/p>

Keywords:<\/span> AI technology, Economic growth, Innovation, Policymakers, Infrastructure.<\/span><\/p>

\u00a0<\/b><\/p>

Impact Statement<\/span><\/p>

The research on artificial Intelligence and it\u2019s impact on economic growth, dissecting the intricate web of opportunities and obstacles that this transformative technology for presents. AI serve as a well spring of innovation in locking novel possibilities across sectors that were previously unimaginable. Policy makers need to address the digital divide to ensure that business of all size and regions have access to AI resources. AI may automate some roles, it\u2019s also it\u2019s transform others many jobs new require collaboration with AI system, which necessitates new skill sites. For instance, data scientists and AI ethicists are in high demand to develop and oversee AI technology AI applications in a particular life science discipline or interdisciplinary sitting.<\/span><\/p>

\u00a0<\/b><\/p>

About Author<\/span><\/p>

Sanju Chaudhary is working as Assistant Professor of computer science in F.G.M Govt College Adampur Hisar. She has published various research papers in National and International Journals. She has attended several conferences, seminars and workshops.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Cite this Article<\/span><\/p>

APA 7th Style:<\/span> Choudhary, S. (2024). Artificial intelligence and its impact on economic growth. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>3<\/span>(01), 356\u2013368. <\/span>https:\/\/doi.org\/10.59231\/SARI7676<\/span><\/a><\/p>

Chicago 17th Style:<\/span> Choudhary, Sanju. “Artificial Intelligence and Its Impact on Economic Growth.” <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span> 3, no. 1 (2024): 356\u2013368. <\/span>https:\/\/doi.org\/10.59231\/SARI7676<\/span><\/a>.<\/span><\/p>

MLA 9th Style:<\/span> Choudhary, Sanju. “Artificial Intelligence and Its Impact on Economic Growth.” <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, vol. 3, no. 1, 2024, pp. 356-368, <\/span>https:\/\/doi.org\/10.59231\/SARI7676<\/span><\/a>.<\/span><\/p>

\u00a0<\/b><\/p>

Statements & Declarations<\/span><\/p>

Review Method:<\/span> This article underwent a double-blind peer-review process by independent experts in Computer Science and Economics to evaluate the correlation between AI integration and macroeconomic indicators such as productivity, labor market shifts, and GDP growth.<\/span><\/p>

Competing Interests:<\/span> The author, Sanju Choudhary, declares that there are no financial, personal, or professional conflicts of interest that could have inappropriately influenced the research findings or the interpretation of the economic data presented.<\/span><\/p>

Funding:<\/span> This research was conducted through the academic support of the Department of Computer Science, F.G.M. Govt. College, Adampur (Hisar). No specific external grants or commercial funding were received for this study.<\/span><\/p>

Data Availability:<\/span> The analysis is based on a review of global AI adoption trends, automation statistics, and economic growth models. All secondary data sources and empirical studies referenced are cited within the manuscript.<\/span><\/p>

License:<\/span> Artificial Intelligence and Its Impact on Economic Growth<\/span> \u00a9 2024 by Sanju Choudhary is licensed under <\/span>CC BY-NC-ND 4.0<\/span>. This work is published by the International Council for Education Research and Training (ICERT).<\/span><\/p>

Ethics Approval:<\/span> As this study is a theoretical and systematic review of technological and economic trends and does not involve direct human or animal experimentation, it was deemed exempt from formal institutional ethical review while maintaining strict adherence to research integrity.<\/span><\/p>

\u00a0<\/span><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

References<\/span><\/p>

  1. Aria, M., & Cuccurullo, C. (2017). Bibliometrix: An R-tool for comprehensive science mapping analysis. <\/span>Journal of Informetrics<\/span>. DH. Why are there still so many jobs? The history and future of workplace automation, <\/span>11<\/span>(4), 959\u2013975. Autor. <\/span>https:\/\/doi.org\/10.1016\/j.joi.2017.08.007<\/span><\/a><\/p><\/li>

  2. Agarwal, R. (2023). Use of technology by higher education students. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(4), 152\u2013161. <\/span>https:\/\/doi.org\/10.59231\/SARI7631<\/span><\/a><\/p><\/li>

  3. B\u00e9cue, A., Pra\u00e7a, I., & Gama, J. (2021). Artifcial intelligence, cyber-threats and Industry 4.0: Challenges and opportunities. <\/span>Artificial Intelligence Review<\/span>, <\/span>54<\/span>(5), 3849\u20133886. <\/span>https:\/\/doi.org\/10.1007\/s10462-020-09942-2<\/span><\/a><\/p><\/li>

  4. Bourne, C. (2019). AI cheerleaders: Public relations, neoliberalism and artifcial intelligence. <\/span>Public Relations Inquiry<\/span>, <\/span>8<\/span>(2), 109\u2013125. <\/span>https:\/\/doi.org\/10.1177\/2046147X19835250<\/span><\/a><\/p><\/li>

  5. Coglianese, C., & Lehr, D. (2017). Regulating by robot: Administrative decision making in the Machinelearning era. <\/span>Georgetown Law Journal<\/span>, <\/span>105<\/span>, 1147\u20131223.<\/span><\/p><\/li>

  6. Lu, H., Li, Y., Chen, M., Kim, H., & Serikawa, S. (2018). Brain intelligence: Go beyond artifcial intelligence. <\/span>Mobile Networks and Applications<\/span>, <\/span>23<\/span>(2), 368\u2013375. <\/span>https:\/\/doi.org\/10.1007\/s11036-017-0932-8<\/span><\/a><\/p><\/li>

  7. Mhlanga, D. (2020). Industry 4.0 in Finance: The Impact of Artificial Intelligence (AI) on Digital Financial Inclusion. <\/span>International Journal of Financial Studies<\/span>, <\/span>8<\/span>(3), 45. <\/span>https:\/\/doi.org\/10.3390\/ijfs8030045<\/span><\/a><\/p><\/li>

  8. Mishra, S., & Gupta, S. K. (2023b). Atal tinkering labs and the global notion of STEM education. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(4), 131\u2013137. <\/span>https:\/\/doi.org\/10.59231\/<\/span>SARI<\/span>7629<\/span><\/a><\/p><\/li>

  9. Pint\u00e9r, J., Fels, M., Lycon, D. S., Meeuwig, J. W., & Meeuwig, D. J. (1995). An intelligent decision support system for assisting industrial wastewater management. <\/span>Annals of Operations Research<\/span>, <\/span>58<\/span>(6), 455\u2013477. <\/span>https:\/\/doi.org\/10.1007\/BF02032381<\/span><\/a><\/p><\/li>

  10. Ryman-Tubb, N. F., Krause, P., & Garn, W. (2018). How Artificial Intelligence and machine learning research impacts payment card fraud detection: A survey and industry benchmark. <\/span>Engineering Applications of Artificial Intelligence<\/span>, <\/span>76<\/span>, 130\u2013157. <\/span>https:\/\/doi.org\/10.1016\/j.engappai.2018.07.008<\/span><\/a><\/p><\/li>

  11. Syam, N., & Sharma, A. (2018). Waiting for a sales renaissance in the fourth Industrial Revolution: Machine learning and artificial intelligence in sales research and practice. <\/span>Industrial Marketing Management<\/span>, <\/span>69<\/span>, 135\u2013146. <\/span>https:\/\/doi.org\/10.1016\/j.indmarman.2017.12.019<\/span><\/a><\/p><\/li>

  12. Tang, X., Li, X., Ding, Y., Song, M., & Bu, Y. (2020). The pace of artificial intelligence innovations: Speed, talent, and trial-and-error. <\/span>Journal of Informetrics<\/span>, <\/span>14<\/span>(4), 101094. <\/span>https:\/\/doi.org\/10.1016\/j.joi.2020.101094<\/span><\/a><\/p><\/li>

  13. Faithpraise, F. O., Otosi, F. B., Idika, D. O., Efiong, J. E., Udie, C. A., & Orji, E. I. (2023). Advocacy of AI skills acquisition a panacea for youth unemployment in South\u2013South Nigeria. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(4), 190\u2013206. <\/span>https:\/\/doi.org\/10.59231\/<\/span>SARI<\/span>7634<\/span><\/a><\/p><\/li>

  14. Wolff, J. G. (2014). Big data and the SP theory of intelligence. <\/span>IEEE Access<\/span>, <\/span>2<\/span>, 301\u2013315. <\/span>https:\/\/doi.org\/10.1109\/ACCESS.2014.2315297<\/span><\/a><\/p><\/li>

  15. Xue, L., Zhu, Y. P., & Xue, Y. (2013). RAEDSS: An integrated decision support system for the regional agricultural economy in China. <\/span>Mathematical and Computer Modelling<\/span>, <\/span>58<\/span>(3\u20134), 480\u2013488. <\/span>https:\/\/doi.org\/10.1016\/j.mcm.2011.11.002<\/span><\/a><\/p><\/li>

  16. Yamashiro, S. (1986). Online secure-economy preventive control of power systems by pattern recognition. <\/span>IEEE Transactions on Power Systems<\/span>, <\/span>1<\/span>(3), 214\u2013219. <\/span>https:\/\/doi.org\/10.1109\/TPWRS.1986.4334984<\/span><\/a><\/p><\/li>

  17. Yong, B., Xu, Z. J., Wang, X., Cheng, L. B., Li, X., Wu, X., & Zhou, Q. G. (2018). IoT-based intelligent fitness system. <\/span>Journal of Parallel and Distributed Computing<\/span>, <\/span>118<\/span>, 14\u201321. <\/span>https:\/\/doi.org\/10.1016\/j.jpdc.2017.05.006<\/span><\/a><\/p><\/li>

  18. Ganapathy, V. (2023). AI in auditing: A comprehensive review of applications, benefits and challenges. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(4), 328\u2013343. <\/span>https:\/\/doi.org\/10.59231\/<\/span>SARI<\/span>7643<\/span><\/a><\/p><\/li>

  19. Zheng, X., Le, Y., Chan, A. P. C., Hu, Y., & Li, Y. (2016). Review of the application of social network analysis (SNA) in construction project management research. <\/span>International Journal of Project Management<\/span>, <\/span>34<\/span>(7), 1214\u20131225. <\/span>https:\/\/doi.org\/10.1016\/j.ijproman.2016.06.005<\/span><\/a><\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

    \n\t\t\t\t\t\t
    \n\t\t\t\t\t
    \n\t\t\t
    \n\t\t\t\t\t\t
    \n\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t
    \n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tBack<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Shodh Sari-An International Multidisciplinary Journal Vol-03, Issue-01 (Jan-Mar 2024) An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2959-1376 Artificial Intelligence and Its Impact on Economic\u00a0Growth Choudhary, Sanju\u00a0 Assistant Professor in Computer Science, F.G.M. Govt. College, Adampur (Hisar), Haryana DOI: https:\/\/doi.org\/10.59231\/SARI7676 Subject: Economics \/ Computer Science \/ Information Technology Page No.356-368 Received: Dec 06, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":5395,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-5703","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/5703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/comments?post=5703"}],"version-history":[{"count":9,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/5703\/revisions"}],"predecessor-version":[{"id":31355,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/5703\/revisions\/31355"}],"up":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/5395"}],"wp:attachment":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/media?parent=5703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}