Nations have to harness the power of AI to raise the global and their own GDP. India has been blessed with skilled manpower, expanding tech industry and a pool of data. The whole environment is conductive for economic transformation. Policy makers must recognise this opportunity.
India has demographic dividend advantage along with technological advantage. This creates multiplier effect. Global economics is moving towards AI-driven industries. AI must be adopted by India not merely as a tool but as the foundation of its economic strategy. India should not confine itself to being a mere consumer of AI but should be a creator of AI. India should seek to become an AI superpower.
Some countries rely on anonymised datasets and are involved in litigation. Instead, there should be dependence on computational privacy guarantees in the use of aggregate data sets. The AI systems should be safe. They must be based on reliable and traceable datasets. India should create an ecosystem of AI modellers.
AI can help in addressing the social and economic disparities. It can help in optimising resource allocation. It can create job opportunities.
India should create the hardware infrastructure of computational tensor units. There should be enough GPU units. The government’s role here is very vital.
If India neglects AI as a strategic tool, and remains just a consumer of AI technology, there will be missed opportunities, economic stagnation and loss of global influence.
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