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India leads the world in AI’s skill penetration; lags on investments
Economic Times
·
1y ago
Medial
India stands out in terms of AI skill penetration and AI hiring rate, ranking first and top four globally, respectively. The country has experienced the fastest growth rate for AI talent, albeit starting from a low concentration. In terms of GitHub AI projects, India is second only to the US. However, it lags behind in AI patents, accounting for a mere 0.2% from 2010 to 2022. Private investments in AI also pale in comparison to the US, with only $9 billion invested between 2013 and 2023. Similarly, the number of newly-funded AI companies is significantly lower in India compared to the US.
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Agritech – Latest News, Funding, Financials, Acquisitions, IPOs & More
Inc42
·
2m ago
Medial
The agritech sector in India is revolutionizing agriculture by integrating technology to improve productivity, efficiency, and sustainability. Despite contributing 16.5% to India’s GDP, it has only achieved 1% market penetration, presenting vast opportunities for startups. Notable startups like DeHaat and Ninjacart are making significant impacts, and the sector has collectively raised over $2.44 billion since 2014. Bengaluru leads in funding activity, and late-stage investments are most common. However, no acquisitions have been reported yet.
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India's 'AI for All' mantra backed by concrete action: Commerce and IT MoS Jitin Prasada
Economic Times
·
4m ago
Medial
India is championing its 'AI for All' vision through substantial efforts, leading in AI skill penetration and talent concentration, as highlighted by Union Minister Jitin Prasada. He emphasized the importance of research and development to harness India's global skill leadership. Addressing the Nasscom Global Confluence 2025, Prasada noted India's readiness to be a strategic technology partner internationally. The Indian IT sector, with $254 billion in revenue, exemplifies this innovation and resilience, positioning India as a global tech leader.
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800 India customers using Microsoft's AI platform, says president Puneet Chandok
Economic Times
·
5m ago
Medial
Over 800 Microsoft customers in India utilize its Azure OpenAI platform for AI applications, enhancing productivity, win rates, and resolution speed, as noted by Puneet Chandok. Speaking at CII’s AI conference, he stressed India's goal to become an AI-first nation. A CII-Protiviti survey highlighted growing AI adoption, challenges like governance, ethics, and skills shortage. Experts discussed sectoral AI regulations and strategies for skill development, emphasizing AI’s transformative potential across industries.
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LinkedIn India names Kumaresh Pattabiraman as Country Manager and Product Head
YourStory
·
11m ago
Medial
Kumaresh Pattabiraman has been appointed as the Country Manager and Product Head for LinkedIn India. With India being the second-largest and fastest-growing market for LinkedIn, Pattabiraman aims to drive innovation, build partnerships, and create economic opportunities for Indian professionals. He brings over 15 years of experience, having previously worked with Microsoft. India is also recognized as one of the top countries with fast-growing AI talent and high AI skill penetration, pointing towards a strong future for the workforce in India.
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Gukesh Dommaraju's triumph heralds '83 moment' for chess
Economic Times
·
7m ago
Medial
Gukesh Dommaraju's victory as the World Chess Champion has significantly boosted the sport's popularity in India. Platforms like ChessBase and Chess.com are seeing record-breaking viewership, with chess becoming the fourth most-watched sport in the country. This increased interest has spurred engagement on platforms like Lichess, reporting a dramatic rise in Indian users. India also leads in chess grandmasters with a strong base of FIDE-rated players, indicating the country's growing prowess in the chess world.
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India, US have complementary strengths in AI age: Union minister Ashwini Vaishnaw
Economic Times
·
4m ago
Medial
India and the US can leverage their complementary strengths in AI, with India providing talent and diverse data, fostering a win-win technological collaboration. Union Minister Ashwini Vaishnaw highlights India's ambition to develop its AI model and infrastructure to transform sectors like agriculture and healthcare. OpenAI's Chief Economist, Ronnie Chatterji, notes the shift towards nationalism and infrastructure investments, emphasizing AI’s potential economic impact and advocating for India's significant investment in AI infrastructure.
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India’s digital economy expanding at twice the speed of overall economy: report
Economic Times
·
5m ago
Medial
India's digital economy is outpacing the overall economy, projected to account for one-fifth of the GDP by 2029, according to a report by Prosus and ICRIER. The nation ranks as the third most digitised globally, leveraging its young population, mobile internet growth, and digital public infrastructure like UPI and Aadhaar. However, India lags behind the US and China in AI, needing investments and policies to build competitive AI capabilities, suggesting a collaborative focus on sustainable digital growth.
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'A dark age': Kissflow CEO warns of US, China's growing advantage over India
YourStory
·
1m ago
Medial
In his latest tweet on X, Suresh Sambandam argued that China has gained a 20-year advantage over the United States, while India lags 20 years behind America, creating a massive net gap between China and India.
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Parliament Watch: India finds 7.23 MT rare earth reserves; NH build pace slows, key infra updates shared in Parliament
Economic Times
·
16d ago
Medial
India has identified 7.23 million tonnes of rare earth reserves, primarily found in minerals like monazite, across several states including Andhra Pradesh, Odisha, and Tamil Nadu. Coal India addressed 171 out of 186 consumer grievances related to coal quality. The Dehradun-Delhi highway, costing about ₹11,868.6 crore, is expected to be finished by October 2025. The government, partnering with the World Economic Forum, is working on the India Skills Accelerator initiative to boost skill development.
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AI adoption in key Indian sectors touches 48% in FY24
Economic Times
·
1y ago
Medial
The adoption rate of artificial intelligence (AI) in India's key industries is expected to be around 48% in FY2024 and is projected to increase by 5-7% in FY25. The banking and financial services industry leads in AI adoption at 68%, followed by the tech industry at 60-65%. Other sectors such as pharma, healthcare, FMCG, retail, manufacturing, infrastructure, transport, and media and entertainment have varying adoption rates. The AI market size in 2023 was estimated at $6 billion, set to reach $20 billion by 2028. However, India still lags behind global AI markets due to a talent gap and the need for more supportive government policies. The government has allocated over Rs 10,000 crore to the India AI Mission to boost AI capabilities in the country.
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