The potential economic impact of artificial intelligence (AI) is immense and AI adoption can generate Rs 33.8 lakh crore of economic value in the country by 2030, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Wednesday.
Addressing an event in the national capital, Minister Puri underscored the pivotal role of AI in transforming the energy sector, emphasising that AI is set to revolutionise operations, drive efficiency and accelerate the shift towards a more sustainable energy landscape.
AI and generative AI (GenAI) are optimising operations by leveraging real-time data and insights. International oil companies are making significant investments in AI to enhance operational efficiency, improve safety, and contribute to the transition towards a low-carbon future, he noted.
Minister Puri highlighted how AI is rapidly being adopted across industries and will be instrumental in realising Prime Minister Narendra Modi’s vision of a ‘Viksit Bharat’ by 2047.
"The Indian Public Sector Undertakings (PSUs) in the energy domain are also harnessing AI and machine learning (ML) to improve safety, security, and operational efficiencies at various locations. Through advanced tools like demand forecasting, customer analytics, and pricing analytics, AI is enhancing the overall customer experience in the energy sector," the minister emphasised.
AI-enabled mechanisms such as deep learning are being used to analyse complex seismic data for identifying potential hydrocarbon reservoirs. Additionally, AI-based prediction of drilling complications and real-time optimisation of drilling parameters have proven effective in improving drilling efficiency and reducing operational costs. Citing the latest research by JP Morgan, the minister discussed the potential of generative AI to increase global GDP by $7-10 trillion over the next three years, leading to a major boost in workforce productivity and reshaping the global economy.
Sachin Tendulkar honoured with Lifetime Achievement Award at BCCI Naman Awards 2025
The Board of Control for Cricket in India (BCCI) honoured exceptional achievements in Indian cricket at the prestigious Naman Awards here on Saturday. A historic moment of the evening was the presentation of the coveted Col. C.K. Nayudu Lifetime Achievement Award to Bharat Ratna Sachin Tendulkar,
Budget 2025-26 to boost incomes of street vendors, spruce up cities
Union Finance Minister Nirmala Sitharaman on Saturday announced the setting up of a Rs 1 lakh crore fund for the development of cities and a revamp of the Prime Minister Street Vendors Atma Nirbhar Nidhi (PM SVANidhi) to enhance the earnings of street vendors as part of her Budget proposals.
Eight MLAs who quit AAP join BJP, a blow for Kejriwal’s party before Delhi polls
With just four days to go before the Delhi Assembly elections on February 5, eight legislators who resigned from the Aam Aadmi Party (AAP) on Friday joined the Bharatiya Janata Party (BJP) on Saturday.
80 patrols conducted along India-B'desh border, 40 village meetings held: BSF
Maintaining full cooperation with the Border Guard Bangladesh (BGB), India's Border Security Force (BSF) has conducted nearly 80 simultaneous coordinated patrols along the India-Bangladesh frontiers in the recent past, officials said here on Saturday.
In true 'Vishwa Bandhu' spirit, India allocates Rs 5,483 crore for foreign aid in Union Budget 2025
The Ministry of External Affairs (MEA) has allocated Rs 5,483 crore for aid to foreign nations, slightly higher than last year's Rs 4,883 crore, it was announced in the Union Budget 2025-26 on Saturday.
200 new Vande Bharat trains, 100 Amrit Bharat trains in next 2-3 years: Ashwini Vaishnaw
Calling the Union Budget 2025-26 "amazing", Union Railways and Electronics and IT Minister, Ashwini Vaishnaw on Saturday said that with the big allocation to it, Indian Railways is all set to expand faster, safer and comfortable rail travel across the country.
Union Budget 2025: 50,000 Atal Tinkering Labs to be set up in govt schools in 5 years
Union Finance Minister Nirmala Sitharaman on Saturday announced to set up 50,000 Atal Tinkering Labs in government schools in the next five years.
Israel releases 183 Palestinian prisoners in latest swap with Hamas
Israel released 183 Palestinian prisoners on Saturday in the fourth prisoner-for-hostage swap under the ongoing truce deal with Hamas, according to Palestinian sources.