ARTIFICIAL INTELLIGENCE PLAYS A CRUCIAL ROLE FOR INDIAN ECONOMY TO REACH $5 TRILLION ECONOMY by 2025. COMMENT.


            The National Strategy for Artificial Intelligence published by NITI Aayog narrates the different pain points and key challenges involved in implementing Artificial Intelligence in India.
            India’s digital consumer base is the world’s second-largest, as well as the second-fastest growing among 17 major economies, as per findings of the latest India Economic Survey.
            And this base is core to the creation of future economic value and societal empowerment as digital solutions backed by new-gen technologies such as artificial intelligence (AI), internet of things (IoT) and automation become ubiquitous.
            The nation’s naturally tech-savvy demography – 1.2 billion mobile phone connections, 560 million internet subscriptions, and over 350 million smartphones – will serve as the fulcrum of an inclusive digital transformation.
Measures needed:
1) The government must put in place proper checks and balances against AI’s misuse through legally enforceable and long-term policy guidelines, and a regulatory framework.
2) The strategy should strive to leverage AI for economic growth, social development and inclusive
3) To truly harness AI’s transformative potential, India must address its lack of expertise in AI research and application.
4) The government must address privacy and data security concerns on a war-footing.
            India’s AI strategy narrative needs to change from being a reactionary step to “counter the charge” of countries like China, to a proactive one where policies and infrastructure made in the country serve as “a beacon of inspiration” to other countries that are further behind.