India Sets Ambitious Target: Aims to Digitize 20% of GDP by 2025-26
Written by Sanjay Kumar
News Highlights
- India aims to digitize 20% of its GDP by 2025-26, up from 4.5%.
- Minister Rajeev Chandrasekhar emphasizes international collaboration at the Global AI Summit.
- India, UK, Canada, and Gates Foundation launch an £80 million initiative for global AI projects, with a focus on Africa.
During the Global AI Summit held in London, India’s Minister of State (MoS) for Electronics and Information Technology, Rajeev Chandrasekhar, highlighted the remarkable progress that India has made in digitizing its economy over the past eight years. He emphasized the country’s ambitious goal of digitizing 20% of its GDP by the fiscal year 2025-26, a significant leap from the initial 4.5% share of the total GDP.
Chandrasekhar noted that while India is currently at approximately 11% of digital economy integration, it is growing at an impressive rate, outpacing the non-digital sector by 2.5 to 3 times. The MoS expressed these sentiments during discussions at the global AI summit, where he engaged with international digital ministers, technology industry leaders, prominent academics, and civil society representatives. The summit served as a platform for addressing common risks associated with emerging AI technologies and exploring potential mitigations.
Chandrasekhar underscored the importance of international collaboration and conversations, such as the Global AI Summit, in shaping the future of technology. He emphasized that in a year marked by unprecedented technological opportunities, Prime Minister Narendra Modi has consistently advocated for a collaborative approach involving multiple nations to steer the course of technology and innovation. This approach, according to the MoS, should be more sustained, with strategic clarity and designed to serve the common good of all humanity.
The Global AI Summit itself serves as a significant forum for policymakers, investors, and innovators to deliberate on AI’s current state, investment prospects, commitments, and governance.
Additionally, during the summit, Chandrasekhar represented India as it joined the UK and other global partners in announcing an 80 million-pound initiative to fund artificial intelligence projects worldwide, with a particular focus on Africa. This collaboration, formed between Britain, Canada, and the Bill and Melinda Gates Foundation, aims to support “safe and responsible” AI programming. The UK AI for Development Programme is contributing 38 million pounds to this initiative, reflecting the UK’s commitment to investing in partnerships that leverage cutting-edge technology to address global challenges.
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