Bengaluru, Karnataka, 31/1/23:- Artificial Intelligence is a rapidly growing technology with the potential to revolutionize the economy as we know it. As businesses race to adopt AI, many experts believe that the technology could lead to a limitless economy with endless possibilities. According to a recent study by Gartner, by 2025, AI is expected to generate $3.9 trillion in business value and generate 6.2 billion hours of worker productivity. The study highlights the potential of AI to drive economic growth and improve the efficiency of businesses across all industries. So let’s look forward to exploring the impact of Artificial Intelligence on the economy and how it can shape the future of business.
Additionally, the most relevant and adequate knowledge of AI is crucial to survive and sustain in today’s demanding business world. This can be obtained with the help of the right guidance and grooming. LearNow offers a variety of highly targeted Technical Training Program that help your workforce to keep up with the recent technical changes, thus emerging into a robust and invincible workforce. And the more you learn, the more you will know the contribution of AIs in our daily work, at our workplaces, and most importantly to our GDP. But before that let’s revise the concept of GDP once more since we will need it further.
A Brief Concept Of GDP
Gross Domestic Product (GDP) is a key economic indicator used to measure the economic output of a country. It represents the total value of all goods and services produced within a country's borders in a given period of time, typically a year. GDP is used to evaluate the overall health of an economy and assess its growth potential.
There are three ways to calculate GDP: the production approach, the income approach, and the expenditure approach. All three methods aim to measure the same concept, but they do so in different ways.
GDP is considered a broad measure of economic activity as it takes into account a wide range of goods and services, including consumer goods, investment goods, government purchases, and net exports. However, it should be noted that GDP does not account for informal economic activity, changes in the value of money over time, or the distribution of wealth and income.
In summary, GDP is a widely used indicator that provides a snapshot of a country's economic output and helps economists and policymakers understand the economic performance of a country.
Some Traditional Ways To Increase GDP

Increase in government spending:
Governments can increase their spending on public goods and services, infrastructure projects, and the military, which will lead to an increase in GDP.
Increase in exports:
Encouraging exports of goods and services, through trade agreements or tax incentives, can help increase the country's overall production, resulting in a higher GDP.
Increase in investment:
Encouraging investment in the economy through tax breaks or subsidies for businesses can lead to an increase in production and higher GDP.
Increase in consumer spending:
Boosting consumer spending through economic stimulus measures such as tax cuts or increases in social spending can drive demand and increase economic activity, resulting in a higher GDP.
Increase in human capital:
Improving the education, Technical Training, and skill levels of the population can lead to higher productivity, better-paying jobs, and increased economic growth.
Increase in technological advancements:
Investing in research and development, and promoting technological innovation and Technical Learning can lead to increased efficiency, higher productivity, and a higher GDP.
However, it is important to note that while these traditional ways can increase GDP, they may not always lead to sustainable or equitable economic growth. Policies aimed at increasing GDP should be balanced with considerations for other factors, such as distribution of wealth and income, environmental sustainability, social equity, and most importantly a skilled human workforce.
All other things being equal, a high population often equates to a large economy. This is due to the fact that a big population may offer a sizable pool of workers, customers, and producers, all of which can support economic growth.
For instance, a larger population may make it possible to manufacture a wider variety of products and services since there would be a higher demand for them. A big population can also help to create economies of scale, where the cost of providing a thing or service drops as production volume rises.
Let's now examine what occurs if the AI race invades the planet. What impact does this novel species have on the GDP?
A method of estimating an economy's size is to find the product of GDP per capita with its labor force. As a result, the number of working beings determines the economy size. What if adding "AI beings" to the workforce gives rise to an infinite number of working beings? Do we begin the transition to a GDP-unlimited, limitless economy? Let's investigate this by learning about the effects of current robots in organizations as a first step toward an endless economy created by AI workers.
Contribution Of Robots To The Economy
• Increased productivity:
Robots can perform tasks with greater speed, accuracy, and efficiency, leading to an increase in productivity and overall economic output.
• Labor substitution:
Robots can perform repetitive, dangerous, or physically demanding tasks, reducing the need for human labor and potentially lowering labor costs for businesses.
• Cost savings:
The use of robots can reduce production costs by reducing the need for raw materials, energy, and other inputs.
• Improved quality:
Robots can improve the quality of products through precise and consistent production processes, reducing defects and increasing customer satisfaction.
• Creation of new jobs:
The integration of robots in the production process can lead to the creation of new jobs in areas such as the design, maintenance, and programming of robots.
• New markets:
The development of new robots and applications can open up new markets and industries, leading to increased economic activity and growth.
• Increased competitiveness:
By adopting robots, companies can gain a competitive advantage by improving their efficiency, quality, and cost structure, enabling them to compete more effectively in the global economy.
However, it is also important to note that the widespread use of robots can lead to job displacement and require significant investments in providing Technical Training and retraining workers. Therefore, the impact of robots on the economy needs to be carefully considered and managed in order to maximize the benefits and minimize any negative consequences.
Nevertheless, the question persists as to whether AI workers should be included in the GDP. They can do jobs tenfold quicker and more correctly than human workers. AI workers can increase economic production and efficiency. Revenue and economic expansion might potentially rise as a result of this. Contrarily, AI employees do not need pay or remunerations and do not directly contribute to the goods and services consumption, which constitutes a significant portion of GDP.
Additionally, ethical issues need to be taken into account. The inclusion of AI employees in GDP might result in more unemployment and a salary standstill for human employees. The issue of whether AI employees should be given the same rights, perks, and security as human employees also has to be addressed. But at the same time more and more Technical Learning has become imperative for individuals to maintain parity with the emerging AI technology.
Wrapping Up
The potential for AI to drive GDP growth and lead to an unlimited economy is significant, however, caution must be exercised in considering the economic and ethical ramifications of including AI workers in GDP calculations. The impact of AI's growing presence in the world on the economy will be profound, and this calls for careful consideration and conducting ample Technical Training Programs for human employees. This is because, at the end of the day, it is the humans who created AIs.
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