PM Modi said that his team utilised AI to classify all suggestions received from more than 15 Lakh people about their vision of India in 2047 in a “subject-wise” manner
So far, all senior Ministers and bureaucrats have called for maintaining a fine balance between innovation and regulation
As per Inc42, the homegrown GenAI market is expected to see a major boom in the coming years and will likely cross the $17 Bn mark by 2030
As GenAI mania grips the world, it seems that the Indian government too has embraced the emerging technology. Prime Minister Narendra Modi has reportedly said that he used artificial intelligence (AI) to craft India’s roadmap for the next 25 years.
PM Modi made the comments during an interview with news agency ANI while discussing the centre’s 100-day roadmap during his next term.
Elaborating on this, PM Modi said that his team utilised AI to classify all suggestions received from more than 15 Lakh people about their vision of India in 2047 in a “subject-wise” manner.
“I have taken suggestions of (from) more than 15 Lakh people on how they want to see India in the coming 25 years. I contacted universities, NGOs and 15-20 Lakh people gave their inputs. Then I took the help of AI and classified it subject-wise. I made a dedicated team of officers in every department to work on this..,” PM Modi told ANI.
The push for GenAI is more or less in line with the centre’s stance on emerging tech. In the past too, all senior Ministers, from PM Modi to IT Minister Ashwini Vaishnaw, have called for maintaining a fine balance between innovation and regulation.
The government also unveiled the INR 10,372 Cr IndiaAI Mission to fuel the adoption of the technology and growth of startups in the domain.
But, the authorities have flagged the potential issues posed by GenAI and have called on both enterprises and startups to put robust guardrails to prevent any misuse. Such has been the clamour that the Ministry of Electronics and IT (MeitY), earlier this year, issued an advisory directing all intermediaries to label under-trial AI models.
Eventually, the directives were rolled back by the centre after an outcry from startup founders and other stakeholders.
But, while concerns remain among stakeholders of the Indian startup ecosystem about the government’s swiftly changing stand on regulating the industry, there seems to be a bigger opportunity on the horizon for the homegrown players.
As per Inc42, the homegrown GenAI market is expected to see a major boom in the coming years and will likely cross the $17 Bn mark by 2030.
The local startup ecosystem has already spawned a slew of new-age companies that are leveraging existing large language models (LLMs) to build use cases for enterprises and small businesses. Other players are also building niche products for niche audiences in the burgeoning Indian GenAI space.
According to Inc42 data, India is home to 100+ GenAI startups that have raised $600 Mn till date.
