Industry must drive India’s AI

Two areas where there have been expectations for deep investments by the government are deeptech and AI. While good policy announcements have been made in the past year, the action on the ground and the approach to funding have yet to generate any real outcomes.

There have been concerns raised that Indian investments in AI have fallen far short of the leaders, USA and China. The numbers bear out this concern with India’s overall investment announcements in AI of over $11 billion substantially lower than the figures of over $470 billion in the US and nearly $120 billion in China.