Seizing the potential of AI to propel India's growth

Dr. Manisha Dhami *

In today’s rapidly evolving world, the potential of artificial intelligence (AI) has become undeniable. As nations around the globe harness the power of AI to drive economic growth and innovation, India stands at a critical juncture.

Rather than lamenting the potential job displacement that AI might bring, India must focus on the immense opportunities it offers. To secure its position in the global landscape, India must embrace AI wholeheartedly and avoid the pitfalls of being a laggard once again.

It is essential to recognize that AI is not a mere disruptor; it is a transformative force that has the potential to revolutionize industries and societies. By adopting AI and developing the necessary expertise, India can position itself as a global leader, shaping the future of technology and reaping the associated benefits.

While concerns about job displacement are valid, history has taught us that adapting to technological advancements is essential for progress. India has experienced missed opportunities in the past, such as the industrialization and computer eras, when adoption came late. Now is the time to learn from those lessons and prioritize embracing AI to avoid being left behind once more.

Critically, AI can create new job opportunities and enhance productivity across sectors. Instead of fearing job losses, India should focus on reskilling and upskilling its workforce to meet the demands of the AI era.

By nurturing a culture of continuous learning and innovation, India can create a skilled workforce capable of harnessing AI’s potential and driving economic growth. Furthermore, by actively pursuing AI research, development and implementation, India can become a hub for AI-driven innovation.

The country boasts a vast talent pool, and by investing in AI education and research centers, India can foster an ecosystem that attracts global partnerships and investments. This will not only stimulate economic growth but also pave the way for indigenous AI solutions tailored to the country’s unique challenges and needs.

India must also prioritize collaboration between academia, industry, and startups to leverage AI’s potential fully. By fostering an environment where knowledge-sharing and collaboration thrive, India can accelerate AI development and create a vibrant ecosystem of AI-driven entrepreneurship and innovation.

Additionally, by adopting AI, India can address critical societal challenges more effectively. From healthcare to agriculture, AI-powered solutions can improve access, efficiency and outcomes. India can leverage AI to revolutionize healthcare delivery, enhance precision farming techniques, promote financial inclusion, and transform governance and public service delivery.

It is important to shed the blame game mentality and instead view AI as an opportunity for growth and leadership. If India hesitates to adopt AI, other countries will take advantage of its potential, leaving India behind once again. By exploring AI and its potential, India can not only catch up with the world but also lead the way in developing AI solutions that are inclusive, ethical, and beneficial to all.

India must embrace AI as a transformative force that can propel its growth, drive economic empowerment, and position it as a global leader. By focusing on reskilling, fostering collaboration, and nurturing a vibrant AI ecosystem, India can capitalize on AI’s potential to address societal challenges, create job opportunities, and drive innovation.

It is time for India to shed its laggard image and seize the opportunities that AI presents. By doing so, India can lead the world into a future where technology serves as a catalyst for inclusive and sustainable development.