Artificial intelligence and machine learning are set to revolutionize small and medium enterprises (SMEs) in India, potentially elevating their GDP contribution from the current 30% to 50%, according to OfBusiness, a b2b commerce and fintech startup. This transformation is also expected to increase employment figures from 110 million to 175 million, particularly benefiting tier-2 and tier-3 cities, positioning this development as a significant economic game-changer.
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