Artificial Intelligence and Cost Control in India: Redefining Cost Accounting in the Digital Era

Abstract Artificial Intelligence is gradually transforming cost accounting practices in India. Improved cost control, accuracy, and real-time decision-making result from this evolution. Large datasets and dynamic pricing environments often challenge traditional costing methods. Production cost analysis, variance monitoring, and expense forecasting are supported more efficiently by AI-driven systems. Cost management support through AI in Indian businesses constitutes this study's exploration. Internal control strengthening receives examination. Strategic planning enhancement is analyzed. Data integration, skill gaps, and regulatory considerations are reviewed as operational challenges. Cost efficiency and transparency improvements through AI are suggested by the findings. Balanced implementation and professional readiness remain essential for sustainable adoption in the digital era.