India s success in the global AI race depends on open data, open compute, and open models. The government needs to invest in creating enabling conditions, including solving the compute crunch, supporting startups, and prioritizing critical sectors. Existing frameworks are sufficient to regulate AI.
Abhishek Singh, president and CEO, National eGovernance Division, and managing director and CEO, Digital India Corporation, said India already has many startups developing AI solutions in agriculture, health care, education and so on. The government’s role will be to support them in scaling up, bring them to the level of maturity and enable them to explore global markets.
Finance Minister Nirmala Sitharaman began the presentation of Union budget 2023 in the Lok Sabha by informing that Indian economy is expected to grow at 7% this fiscal.
Major new announcements are unlikely in this interim budget, but the government may provide updates on last year s initiatives and announce incentives for semiconductor production.
At the Global Partnership for Artificial Intelligence summit in 2023 in New Delhi, Prime Minister Narendra Modi stressed on the importance of creating a global framework for ethical use of AI, including a protocol for testing and deploying high-risk and frontier AI tools. Earlier, at the first global AI Safety Summit 2023 at Bletchley Park, 28 countries gave a call for international cooperation to manage the challenges and risks of AI.