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” Vry big statement ” Not just just talking about ai or doing research in ai.
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 screen.
“We are not just just leading in artificial intelligence (AI) Adoption but we are also also shaping how ai is governed,” The finance minister said in her address at the canvocation ceramony of IIITAMONAMONY OC
“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 reponsibility. Important to have an ai which is ethical, inclusive and trustworthy, “FM Sitharaman observed.
She pointed out that fear that some sections of Society may have, About ai leading to a lot of undetected undeted unethical practices will not be addressed “Unless, from the person Responsibility. ”
The finance minister said that the country is not just experience with artificial intelligence (ai), but the government at the center has taken a lot of inputs from stakehlets and ises content 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, have grown significantly from 144 in 2013 to 381 in 2023. Position in Intangible Asset Intensity, Surpassing The Growth Rates of Many High-Income Economies.
She also highlighted that India secured the Sixth Spot in Global Intellectual Property Filings as per wipo in 2023 and the country has improved itwork readiness readiness Index ranking from 79th in 2019 in 2019 in 2019 in 2024, Reflecting the Advance Towards Greater Innovation and Self-Reliance.