The Keys to Building India’s AI Rocket Ship

economictimes.indiatimes.com:

Vivek Mohindra, Senior Vice President, Corporate Strategy, Dell Technologies

Artificial Intelligence (AI) is no longer a futuristic concept—it’s here now. AI is opening new avenues for productivity, efficiency, creativity, and innovation that seemed impossible, and the pace of change is only accelerating.

For India, AI presents an extraordinary opportunity to reshape its economy, society, and public services. By 2038, AI could add US $675 billion to India’s economy, with the biggest productivity boosts in IT, healthcare, and manufacturing. Already, India is a global leader in AI adoption, with more than 90% of knowledge workers using GenAI at work.

However, while India’s AI rocket ship is primed for launch, realizing its full potential will require clear strategies, strong collaboration, and deliberate effort.

The Challenge of Actualizing AI’s Benefits

Despite rapid advancements, implementing AI at scale remains a considerable challenge for organizations. Gartner estimates that 30% of generative AI (GenAI) projects will be abandoned after the proof-of-concept (POC) phase due to poor data quality, lack of risk controls, and escalating costs. Additionally, many companies struggle to implement POCs in ways that assess their real business value, resulting in limited tangible outcomes.

Building India’s AI Ecosystem

India’s public-private partnership was integral for accelerating digital transformation and will be key to facilitating long-term AI innovation. This is currently being demonstrated through the great progress of the IndiaAI Mission and focus on building a scalable ecosystem, creating indigenous LLMs, and expanding AI education. Continued success will hinge on several critical factors that demand collective