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Need To Harness AI For Indian Youth Despite Challenges: CEA

Inc42 · 1y ago

Need To Harness AI For Indian Youth Despite Challenges: CEA

India's Chief Economic Advisor, V Anantha Nageswaran, has stressed the importance of harnessing artificial intelligence (AI) to benefit India's youth. He warned that the country's large population could make AI-based disruptions more significant compared to other nations. Nageswaran stated that preparing the youth for AI is crucial as the technology will cause massive dislocations in the coming years. He urged the country to guide and utilize AI in a way that allows its youth to profit from it. India's AI market is predicted to reach $17 billion by 2030.

Related News

65% of Indians used AI, more than double the global average: Microsoft study

YourStory

YourStory · 5m ago

65% of Indians used AI, more than double the global average: Microsoft study

A Microsoft study reveals that 65% of Indians have used artificial intelligence, more than double the global average of 31%. The study, conducted among 15,000 teens and adults across 15 countries, highlights India's enthusiasm for AI in translations, work efficiency, and education. Millennials lead AI adoption, while Indian parents show increased awareness of digital challenges. Despite enthusiasm, concerns about online abuse, deepfakes, scams, and AI hallucinations persist, especially regarding youth exposure.

Govt Working On Draft AI Regulation Framework, To Be Released By July: MoS IT Rajeev Chandrasekhar

Inc42 · 1y ago

Govt Working On Draft AI Regulation Framework, To Be Released By July: MoS IT Rajeev Chandrasekhar

The Indian government is working on a draft regulatory framework for artificial intelligence (AI) and plans to release it by June or July this year. The aim is to harness AI for economic growth while addressing potential risks and harms. The Minister of State for electronics and information technology, Rajeev Chandrasekhar, also highlighted the need for a global governance framework for AI due to its boundary-agnostic nature. He emphasized the government's commitment to setting up guardrails to prevent misuse of AI and building a homegrown talent pool in the field.

The Bay Area stamp of approval: Why India’s AI startups need brand building to win trust? - BusinessToday

Business Today

Business Today · 1m ago

The initial hype surrounding AI tools has been tempered by the realization that while AI can significantly boost efficiency, many solutions require refinement for complex real-world applications. Indian AI startups face trust challenges from domestic enterprises, often needing validation from Western markets, particularly the Bay Area, to be considered credible. Despite potentially superior local solutions, Indian enterprises prefer reputed global options. Startups need to establish brand equity and demonstrate consistent performance to gain trust.

Tariff War Create Opportunity for India in Some of Sectors: CEA

OutlookIndia

OutlookIndia · 1m ago

Tariff War Create Opportunity for India in Some of Sectors: CEA

The ongoing tariff war, initiated by the U.S. administration, is seen as an opportunity for India in certain sectors, according to Chief Economic Adviser V Anantha Nageswaran. Addressing the CII Annual Business Meet, he noted India's benefits like low energy prices. India and the U.S. are working on a bilateral trade agreement. Despite present challenges, India seeks to leverage tariff advantages for long-term economic growth, with plans to double bilateral trade and become a $5 trillion economy by 2027-28.

India beats global average in employees using AI: report - The Economic Times

Economic Times

Economic Times · 28d ago

India beats global average in employees using AI: report - The Economic Times

India leads in AI adoption, with 92% of employees regularly using generative AI tools, according to a Boston Consulting Group report. Despite the widespread use, nearly half of Indian employees fear job displacement over the next decade due to AI. The Global South, including India and the Middle East, shows significant AI integration. To harness AI's potential responsibly, companies must invest in workforce upskilling, process redesign, and leadership alignment around AI strategy.

India's Domestic Demand Sufficient to Drive Start-Up Ecosystem's Growth: CEA Nageswaran

OutlookIndia

OutlookIndia · 3m ago

India's Domestic Demand Sufficient to Drive Start-Up Ecosystem's Growth: CEA Nageswaran

India's strong domestic consumption provides a robust foundation for the growth of its start-up ecosystem, according to Chief Economic Adviser Venkatramanan Anantha Nageswaran. Despite tariffs and geopolitical challenges, the domestic market supports a projected economic growth of 6.5% annually. Nageswaran emphasized the importance of leveraging infrastructure, manufacturing, services, and domestic capital from pension and insurance funds. He advocates for technology that complements labor and highlights India's services exports' potential in the current global scenario.

29 Nations unanimously accept New Delhi’s AI declaration

Inc42 · 1y ago

29 Nations unanimously accept New Delhi’s AI declaration

The Global Partnership on Artificial Intelligence (GPAI) Summit, consisting of 29 member nations and the European Union, has adopted the New Delhi resolution to promote collaborative efforts on AI. The declaration highlights the need to harness the opportunities and address the risks associated with AI, including misinformation, unemployment, transparency, protection of intellectual property and personal data, and threats to human rights and democratic values. The Indian government aims to position India as a global AI hub, with the potential for AI to contribute $1 trillion to the country's economy by 2035.

How AI is Transforming the Nation's Educational Future

StartupTalky

StartupTalky · 1y ago

How AI is Transforming the Nation's Educational Future

The use of artificial intelligence (AI) and machine learning (ML) in the education industry is rapidly growing, leading to an educational revolution known as Education 4.0. This transformation is impacting how teachers, students, recruiters, and career counselors operate, with AI-powered tools simplifying course creation, providing personalized learning opportunities, and enabling quick assessment of students' progress. In India specifically, efforts are being made to integrate AI into education to bridge the achievement gap and enhance student engagement. However, challenges such as limited access to internet and computers, concerns about plagiarism and biases, and the need for teacher training need to be addressed for effective implementation of AI in education. A comprehensive and rights-based approach is crucial to harness the potential of AI while avoiding exacerbating inequalities and injustices.

'Child prodigy' AI needs guidance, says Mahindra - The Economic Times

Economic Times

Economic Times · 6d ago

'Child prodigy' AI needs guidance, says Mahindra - The Economic Times

At Tech Mahindra's annual general meeting, chairman Anand Mahindra described AI as a "brilliant child prodigy" with vast potential due to its access to extensive knowledge and ability to apply it. However, he emphasized that AI needs guidance and nurturing to harness its potential for good, especially in a world facing significant challenges like wars and changing trade rules. Leveraging AI and building trust are vital for future progress, Mahindra asserted.

India is playing its cards well, says CEA amid Trump tariff disruption

YourStory

YourStory · 3m ago

India is playing its cards well, says CEA amid Trump tariff disruption

Venkatramanan Anantha Nageswaran, Chief Economic Advisor to the Indian government, emphasizes India’s resilience amidst global trade turmoil, notably from US tariffs. Speaking at Startup Mahakumbh 2025 in New Delhi, he stresses India's intrinsic economic strengths, including domestic consumption and growing service exports, predicting around 6.5% growth. Despite global volatility, he advocates leveraging economic fundamentals and sees disruptions as opportunities to reevaluate traditional economic models, highlighting India's strategic economic positioning.

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