According to Prime Minister Narendra Modi, India will lead the world in artificial intelligence (AI) capabilities. He asserted that the AI leadership should remain in the Indian hands.
During his address at the Startup Mahakumbh 2024, the prime minister lauded the country’s startup ecosystem and encouraged entrepreneurs to create Indian solutions for global applications.
He noted that initiatives like the National Quantum Mission, India AI Mission, and the India Semiconductor Mission (ISM) will create numerous opportunities for young innovators and global investors. He added that the startups will play a big role to make India the world’s third largest economy in the future.
The prime minister further added that the startup revolution was being led by youth from Tier-II and Tier-III cities in a wide range of sectors including agriculture, textiles, medicine, transport, space, yoga and ayurveda. The Indian youth are choosing to become job creators rather than job seekers.
Furthermore, he highlighted the role of the National Research Foundation and a Rs 1 trillion fund for research and innovation via the interim budget to address future needs in the sunrise sector areas.
