India is poised to assume global leadership in artificial intelligence (AI), much like it has established itself as a powerhouse in IT services, Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, said on Thursday at the World Economic Forum (WEF) in Davos.
Speaking to news agency PTI, Vaishnaw emphasized that India is laying the foundation for sustained growth in AI by balancing necessary regulations with innovation. “India has proven its mettle in IT services, and a similar opportunity lies in AI. To seize it, we are equipping our youth with AI-ready skills,” he noted.
The minister highlighted initiatives such as launching AI-ready courses in 200 universities to prepare the next generation for leadership in AI. He also referenced ongoing efforts to modernize education, such as setting up 5G labs in 100 universities and providing cutting-edge semiconductor design tools to 250 universities.
Addressing concerns around AI regulation, Vaishnaw stressed the importance of striking a balance between fostering innovation and implementing safeguards. “AI presents tremendous opportunities, but we must tap into them responsibly. The necessary frameworks will ensure growth without compromising safety,” he said.
Vaishnaw spoke about the Indian delegation’s unified representation at Davos, which showcased collaboration across states and political lines. “Prime Minister Narendra Modi clearly directed that the Indian pavilion should integrate all states. This has sent a strong message of unity, as leaders from 5-6 different parties stood together on one stage,” he remarked.
This united image comes at a time when global trust in India’s economic policies and growth potential is steadily rising. Vaishnaw highlighted India’s ability to sustain 6-8% economic growth when many countries are struggling with debt. He added that India’s unmatched talent pool and progressive policies are attracting global companies to shift their factories and value chains to the country.
Vaishnaw identified export-led growth as a key differentiator for India. Simplifying tariffs and customs laws remains a priority for the government, which aims to make India a global export hub. “Simplified regulations will strengthen India’s position in global trade, driving exports and bolstering economic growth,” he explained.
The World Economic Forum has flagged misinformation and mistrust as two of the biggest global threats, which are particularly relevant as AI technologies evolve. Vaishnaw acknowledged these challenges, stating, “Safeguards will be necessary to address these risks. However, we cannot overlook the enormous opportunities AI offers to transform industries and drive growth.”
Vaishnaw reiterated the need to invest in talent development, which he said is India’s greatest strength. By launching AI-focused educational initiatives and fostering innovation, India is preparing its workforce to lead in the AI space. “The trust in India’s policies and its talent is unmatched across sectors, positioning us as a global leader in emerging technologies,” he added.
India’s strategic focus on education, regulatory balance, and fostering innovation reflects its ambitions to lead the global AI revolution while sustaining economic growth and enhancing its position as a trusted global partner.
