<h1>Think-tank: AI adoption could add $500-600B to GDP by 2035 but risks major job displacement</h1> A government policy think-tank report projects AI adoption could add USD 500-600 billion to national GDP by 2035 and identifies concentrated gains in financial services and manufacturing, with significant job displacement in clerical and low-skill roles. The report highlights legal and regulatory issues including workforce transition and social protection, data protection and privacy (notably privacy-preserving analytics), automated compliance and fraud-detection governance, and sector-specific standards for AI deployment. It recommends policy measures to boost R&D, upskill labor, strengthen tech-capabilities and regulatory frameworks to manage risks while enabling economic gains.