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India Bets Big on AI for Economic Surge
13 Jan
Summary
- Union budget likely to feature a long-term AI blueprint.
- Government aims to boost productivity via AI and automation.
- India plans significant R&D funding for AI and quantum computing.
India's upcoming Union budget is poised to spotlight Artificial Intelligence (AI), outlining a comprehensive long-term strategy to bolster the sector. This initiative aims to harness AI's potential to drive economic growth, increase productivity, and enhance India's global competitiveness. The finance ministry, in collaboration with several key ministries, is shaping policy and funding priorities for AI and emerging technologies like quantum computing.
The government views AI not merely as an industry but as a catalyst for broad-based productivity gains and economic advancement. Initiatives will likely include elevated research and development funding and targeted program support, with a focus on the IndiaAI Mission and a substantial Research, Development and Innovation (RDI) Fund. These efforts aim to foster self-sustaining AI platforms and solutions.
This strategic focus extends to advanced innovation ecosystems, robotics, and quantum computing, positioning them as central to India's growth strategy towards 2030 and beyond. Clarity in regulations, open data access, and talent mobility are identified as crucial for realizing AI's full potential and securing long-term economic and technological advantages.
