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AI and inclusive growth

"The future of AI is about empowering every person to achieve more." Satya Nadella, Microsoft India's rising role in the AI la...

"The future of AI is about empowering every person to achieve more." Satya Nadella, Microsoft

India's rising role in the AI landscape

AI has the potential to aid a nation's economic growth, in many ways. As one of the largest populations on planet Earth, India is now making steady progress, having chaired the Global Partnership on AI Council. With massive talent, the nation is ranked among top global leaders in ai adoption.

Driving economic growth

The NITI Aayog report suggests AI could add several trillions to the economy. For India, it is a lever to reach an 8 percent growth trajectory and achieve developed status. Though this looks good on paper, translating this into reality needs a lot more.

Check our posts on inclusive growth; click here

Building a foundation for democratic access

The government is building digital infrastructure like the AI Kosh repository for local datasets. Semiconductor plants also strengthen the foundation for tech development and accessibility for all.

Risks of digital divide

A UNDP report warns that AI gains might not be shared evenly. Experts worry about job displacement unless special efforts are made to prevent digital exclusion. This worry is not exclusive to just India, but entire world.

Practical steps toward equitable development

The Digital ShramSetu Mission uses AI to support millions of workers. By choosing right policies, India can align technological progress with the goal of truly inclusive growth.

Summary

India aims to use AI to drive significant economic growth while ensuring the benefits reach everyone. By developing local datasets and infrastructure, the nation is working to democratize technology. The focus remains on bridging the digital divide and supporting workers in the informal sector for equitable progress.

Food for thought

Can AI bridge the wealth gap or will it only widen it?

Check our posts on inclusive growth; click here

AI concept to learn: AI compute power

This refers to hardware processing strength used to run complex algorithms and learn from data. Making this power accessible is essential for democratizing technology and fostering widespread innovation for everyone.

AI for social welfare

[The Billion Hopes Research Team shares the latest AI updates for learning and awareness. Various sources are used. All copyrights acknowledged. This is not a professional, financial, personal or medical advice. Please consult domain experts before making decisions. Feedback welcome!]

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