Artificial Intelligence (AI) has transformed financial decision-making worldwide, including in India. The adoption of AI-based technologies like machine learning, predictive analytics, and big data has massively improved the speed, accuracy, and efficiency of financial processes. AI applications are now deeply embedded in banking, investment, risk assessment, fraud detection, and financial planning, providing data-informed insights and automation that were not possible before. In the Indian financial sector, AI implementation has been increasing because of rising digitization, government initiatives, and development in financial technology (FinTech). In a report by NITI Aayog, financial solutions powered by AI have the potential to add a projected $1 trillion to India's economy by 2035. Also, as per a survey by the Reserve Bank of India (RBI), more than 75% of Indian banks have already implemented AI-powered risk assessment tools to support decision-making and regulatory compliance. This research paper discusses the revolutionary impact of AI on financial decision-making in India. It discusses how AI-based financial solutions enhance decision-making effectiveness, risk evaluation accuracy, and customer satisfaction while also considering issues like ethical issues, data security threats, and regulatory challenges. Based on secondary data sources, the study presents an analysis of the present and future impacts of AI in India's financial sector. ...
Authors: Isha Verma, Jyotika James.