"Any part of technology that you look at today, there is significant presence and momentum by Indian startups, Indian enterprises and Indian innovators. Over the last five years, in particular, during and after COVID-19, the Indian innovation economy has grown from the four-five per cent in 2014 to ten per cent today," he said.
Talking about the potential that technology as a sector has, he spoke about the aim for technology to contribute to nearly 20 per cent of the total GDP of India, setting the bar at $5 trillion.
"Our target is that technology and the digital economy would be 20 per cent of the total GDP, which also is growing at about eight per cent, 7.5 per cent per annum by 2025-2026. So, 20 per cent of our GDP, which will be about USD 5 trillion amounts to a trillion dollars and that is the goal that we are working on. That is the mission that Prime Minister Modi's government is focused on," Chandrasekhar said.
Scope for AIDescribing AI as a kinetic enabler of the digital economy, the minister said it is a very important and valuable layer on the progress that has been made by the startups and innovation ecosystem over the last several years around the consumer internet and the data economy.
The other part of the India AI programme is the fact that there are three centres of excellence that are going to be funded by the government of India. In this year's budget, there's $150 million that has been set aside to fund these three centres of excellence, which in turn will be hubs to a large collection of spokes around academic institutions, universities and colleges and industries that want to engage with these hubs.
"The areas of these centres of excellence are governance... It may turn out to be that they may, in turn, be a mini stack on its own that would make decision-making governance much more granular, much more directed, much more intelligent ranging from the design of schemes to the delivery of schemes," he said.
According to the minister, overall India stack is gaining a tremendous amount of recognition from countries around the world, and multilateral agencies around the world. This played a significant role during the Covid pandemic in helping India fight the pandemic, detect disease, and deliver vaccines to the entire population in a seamless orderly manner. It has gained a lot of attention and interest and all and respect..., he said.
The other areas of focus for artificial intelligence certainly are healthcare and languages, he said.
"A country as diverse as India with so many spoken languages dialects, it's extremely important that we grow the internet...We will expand the internet from 830 million Indians that use the internet to 1.2 billion Indians that will use the internet by 2025 making India the largest connected nation on the global internet..., the minister said.
The third and fourth element of AI is the data management office, and the creation of AI compute infrastructure, he said.
Read More at https://www.moneycontrol.com/news/business/economy/target-is-to-have-technology-be-20-to-25-of-the-indian-gdp-by-2025-26-it-minister-rajeev-chandrasekhar-10817141.html
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