New Delhi, Aug 5: Artificial Intelligence (AI) is emerging as a powerful tool that can help developing economies accelerate growth, improve productivity, and create new opportunities across sectors, according to the World Bank.
The global financial institution highlighted that AI has the potential to support countries in overcoming economic challenges by improving efficiency, expanding access to services, and enabling innovation in key areas such as healthcare, education, agriculture, finance, and manufacturing.
AI-based solutions can help businesses improve operations, assist governments in delivering better public services, and provide citizens with easier access to information and resources. For developing economies, the technology offers an opportunity to enhance productivity and build more competitive industries.
The World Bank noted that countries can maximise the benefits of AI by investing in digital infrastructure, improving internet access, strengthening data systems, and developing technology skills among workers.
Experts believe AI can play an important role in creating new employment opportunities by supporting emerging industries, encouraging entrepreneurship, and helping workers adapt to the changing demands of the digital economy.
However, the successful adoption of AI will require responsible use, strong policies, and efforts to ensure that technological benefits reach all sections of society. Addressing the digital divide and expanding access to AI tools will be essential for inclusive growth.
For countries like India, AI presents significant opportunities to boost innovation, support startups, improve public services, and strengthen economic competitiveness.
With the right investments in technology and skills, AI can become a major growth driver for developing economies, helping them build more resilient, inclusive, and future-ready economies.
