Progress of Artificial Intelligence - Whether it is Boon or Bane for India?

India is not far behind in coping with the challenges of digital transformation that is going in an unprecedented way throughout the world. This article mainly highlights the present status of India in terms of harnessing the power of Artificial Intelligence (AI) in different sectors of the economy. This article not only highlights the evolution of AI in India but also various types of AI and its uses in varied fields are vividly discussed. Lastly through various literature survey and secondary sources of information it has been established that for India AI can be a boon and not bane if India is prepared to accept the challenges and harness the power AI for the greatest advantages through training & upskilling of its workforce. By ensuring that individuals are prepared for the digital economy and to know how to cope with the challenges of AI, Indian work force can facilitate a smoother transition and reduce the risk of job loss.