AI downloads in India surpass US, China: FM Sitharaman
Finance Minister Nirmala Sitharaman has highlighted the rapid pace of innovation in India and the country's leadership position in the adoption of artificial intelligence (AI)
- KOTTAYAM — Finance Minister Nirmala Sitharaman has highlighted the rapid pace
of innovation in India and the country's leadership position in the adoption of
artificial intelligence (AI).
-
- In her address at the convocation ceremony of IIIT Kottayam,
she pointed out Microsoft CEO Satya Nadella's comment that India is the 'use
case capital of AI,' is a "very big statement" as it means that
"we are not just talking about AI or doing research in AI. We are
implementing it on a large scale."
-
- Underscoring the awareness about AI in the country, she added
that India recorded 3 billion AI-related app downloads in 2024 which was far
ahead of the US' number of 1.5 billion and China's 1.3 billion.
-
- "We are not just leading in Artificial Intelligence
(AI) adoption but we are also shaping how AI is governed," the Finance
Minister said in her address at the convocation ceremony of IIIT Kottayam in
Kerala.
-
- "At the recent AI Action Summit in Paris, which India
co-chaired with France, Prime Minister Narendra Modi spoke about how AI is not
just a national issue but a global responsibility. It is very important to have
an AI which is ethical, inclusive and trustworthy," FM Sitharaman
observed.
-
- She pointed out that the fear that some sections of society
may have, about AI leading to a lot of undetected unethical practices will not
be addressed “unless we, from the beginning, understand it with
responsibility."
-
- The Finance Minister said that the country is not just
experimenting with artificial intelligence (AI), but the government at the
centre has taken a lot of inputs from stakeholders and is continuously coming
up with policies to make sure that AI gets due attention
-
- She also highlighted that India's rank in the Global
Innovation Index has improved to 39th in 2024 among 133 economies from the 81st
position in 2015.
-
- FM Sitharaman pointed out that India's patent-to-GDP ratio,
a measure of the economic impact of patent activity, has grown significantly
from 144 in 2013 to 381 in 2023. The country now holds the seventh position in
intangible asset intensity, surpassing the growth rates of many high-income
economies.
