India must adopt frugal innovation in AI like DeepSeek: Mohandas Pai

India cannot afford to put billions of dollars annually into AI research and development (R&D) and it should rather focus on cost-effective ways to scale AI advancements, former Infosys CFO Mohandas Pai said while citing the example of China’s DeepSeek.

Pai, chairman at Aarin Capital, was speaking at the TiEcon Mumbai 2025 event.