Artificial intelligence: Not hype but an economic catalyst
₹2,550 crore (about $30.5 million) in the Union budget for 2024-25. These CoEs aim to position India prominently on the global AI stage through foundational and multidisciplinary research and the development of core AI technologies. Similarly, the National AI Mission aims to build and support our AI ecosystem through a combination of public expenditure and supportive policies.
These include budgetary allocations, enhancing institutional capacity and fostering R&D. A primary objective is to establish indigenous computing infrastructure, which the government is attempting to address through the National Supercomputing Mission, which is focused on creating high- performance computing capabilities. Additionally, the country’s National Semiconductor Mission seeks to develop domestic expertise in hardware components to drive large-scale innovation in the field of AI.
The government’s strategy for AI computing infrastructure mirrors the approach it has taken for the semiconductor mission, incentivizing private sector involvement while enhancing public sector capabilities through The Centre for Development of Advanced Computing (C-DAC). The transformative potential of quantum computers in accelerating AI development suggests that the National Quantum Mission could create future synergies with the AI Mission. On the regulatory front, the government is expected to take a balanced approach to AI, as seen in its recent technology laws, such as the new law on data protection.
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