Name: Nagendraiah
Country: India

Year: 2026
Volume: Vol-16, issue-1, Year-2026 (JUNE special issue ) Special Issue: Ai, Ethics and Human Values : Shaping the Future of Higher Education
Page Number: 230-235
DOI: https://doi.org/10.5281/zenodo.21526701

ABSTRACT
Artificial Intelligence has become a revolutionary force in the present economic era. It is transforming banking, business, agriculture, labor markets, public policy, forecasting, and consumer behavior. AI increases productivity, reduces costs, and supports faster decision-making. At the same time, it creates challenges such as unemployment risks, inequality, privacy issues, and ethical concerns Artificial Intelligence acts as a transformative economic force, driving productivity and forecasting accuracy while presenting challenges regarding labor displacement and inequality. The analysis concludes that maximizing AI's economic benefits requires proactive policy frameworks to manage ethical risks and ensure equitable growth The integration of Artificial Intelligence and machine learning in economics offers transformative benefits, including enhanced predictive accuracy, advanced big data processing, and superior policy simulation capabilities. While AI provides a new frontier