AI Protects Retail: PHDCCI Insights

  Published 8 months ago

PHDCCI convened leaders to discuss AI's role in preventing retail fraud, counterfeits, and deepfakes effectively.

  • Hemant Jain warned that AI is indispensable, urging responsible, transparent use and collaborative efforts across sectors.
  • RBI report shows fraud cases declined, yet losses surged threefold, reaching ₹36,000 crore in FY2025.
  • AI technologies can safeguard consumers, protect businesses, and reinforce trust within India's expanding digital marketplace.

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