India is poised to become a major player in the global artificial intelligence (AI) landscape, thanks to the government's strong push and initiatives. The "Modi Model" of technology diffusion is a key driver of this growth, focusing on leveraging AI to drive inclusive growth, improve governance, and enhance citizen services.
The Indian AI market is projected to reach $8 billion by 2025, growing at a compound annual growth rate (CAGR) of over 40% from 2020 to 2025. This growth is expected to contribute significantly to India's GDP, with AI adding an estimated $450-500 billion to the economy by 2025.
The government has launched initiatives like the National Strategy for Artificial Intelligence, which outlines a comprehensive roadmap for AI adoption and development in India. Programs like INDIAai aim to promote AI research, development, and adoption across various sectors.
India's AI journey is gaining momentum, with applications in healthcare, agriculture, education, and smart cities and infrastructure. AI is being used to improve healthcare outcomes, enhance crop yields, personalize learning, and improve urban planning and public services.
The government's initiatives are playing a crucial role in driving growth and innovation in the sector. With its large talent pool, growing startup ecosystem, and government support, India is well-positioned to become a major AI hub in the years to come.
