<h1>Economic Survey urges AI regulation updates, potential AI profit taxes, and education reforms for inclusive growth in India.</h1> The Economic Survey emphasizes the need to revise regulatory frameworks to align AI usage with societal values, balancing innovation with accountability. It highlights the potential necessity for governments to tax corporate profits from AI replacing labor, as suggested by the IMF. The survey underscores the significant impact of AI on labor, particularly in India, and warns of potential economic drawbacks if AI integration is mishandled. It calls for structural changes in education and safety nets for workers, advocating for a collaborative effort between government, private sector, and academia to ensure inclusive growth and maximize AI benefits in India's economy.