“The world acknowledges that Artificial Intelligence (AI) means India’s upper hand. Now, our job is not to miss the opportunity.”. These are the words of India’s Prime Minister (PM) Narendra Modi while inaugurating the ‘Startup Mahakumbh, 2024’, highlighting the steady emergence of India as a key player in the global AI revolution. While the PM emphasised the nation’s potential to gain a competitive edge in AI, he also underscored the importance of leveraging AI’s projected US$ 15.7 trillion contribution to the global economy by 2030 towards our own growth story. Leading tech giants echo these sentiments. While praising India’s digital transformation and growing AI readiness, Google’s Chief Executive Officer (CEO), Sundar Pichai, highlighted the nation’s push towards exploring more private investments in AI applications across key sectors such as healthcare, education, agriculture, and others. On a similar note, Nvidia CEO Jensen Huang pointed out India’s potential to transition from an Information Technology (IT) outsourcing hub to an AI innovation powerhouse, considering its high technological expertise and vast data resources.
State of AI startups: An India story (Debajyoti Chakravarty – Observer Research Foundation)
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