
According to Ashwini Vaishnaw, Union Minister for Electronics and Information Technology, India is on the cusp of establishing itself as a global leader in artificial intelligence (AI), similar to its remarkable achievements in the IT services sector. Speaking at the World Economic Forum in Davos, the minister highlighted India’s robust foundation for AI development and emphasised the government’s proactive steps to encourage innovation while maintaining regulatory oversight.
Vaishnaw expressed confidence in India’s ability to sustain its economic growth at 6-8% annually, a significant accomplishment amid global economic uncertainties. He attributed this resilience to India’s sound policies and effective governance, which have positioned the nation as a reliable financial partner and a destination for investments.

The minister underscored the importance of leveraging AI responsibly, pointing to its vast potential for economic and social transformation. Acknowledging global concerns about misinformation and mistrust—identified as key threats by the World Economic Forum—Vaishnaw stressed the need for safeguards alongside policies that encourage innovation.

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“India’s approach to AI involves preparing the next generation for leadership in this transformative field. We are initiating AI-ready courses in 200 universities, much like the efforts we undertook for telecom and semiconductor technology,” Vaishnaw stated. These initiatives, including the establishment of 5G labs and equipping universities with advanced semiconductor design tools, are designed to equip India’s youth with the skills necessary for excelling in AI.

On the regulatory front, Vaishnaw advocated a balanced framework that promotes innovation while ensuring ethical and secure AI applications. This dual focus, he said, would enable India to tap into AI’s immense opportunities while mitigating its risks.
Highlighting the Indian pavilion’s united presence at Davos, the minister revealed that Prime Minister Narendra Modi had instructed states to present a cohesive image of India on the global stage. “Leaders from various political parties came together, showcasing a unified vision for the country,” he remarked.
Vaishnaw also discussed the government’s ongoing efforts to simplify tariffs and customs regulations for export-led growth. These measures, combined with India’s unmatched talent pool and investor-friendly policies, have enhanced the nation’s appeal to global businesses. “Companies are increasingly relocating their factories and value chains to India, reflecting their trust in our capabilities,” he added.
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