ndia is set to fully exploit the power of artificial intelligence (AI) through the IndiaAI mission. Recently, the Union Cabinet approved an allocation of over Rs 103 billion under the mission to strengthen the country’s AI ecosystem. The IndiaAI mission’s key initiatives, such as the IndiaAI Compute Capacity, IndiaAI Innovation Center (IAIC), IndiaAI Datasets Platform, IndiaAI Application Development Initiative, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe & Trusted AI, are poised to be accelerated by this significant financial infusion, which will take place over the next five years. The financial outlay aims to implement the mission through public-private partnerships, enhancing India’s AI innovation ecosystem and establishing a scalable AI computing infrastructure by deploying over 10,000 graphic processing units. The mission also aims to enhance the IndiaAI Startup Financing mechanism, enabling easier access to funding for AI startups, catalysing their journey from product development to commercialisation. It also includes provisions for industry-led projects promoting social impact, innovation and entrepreneurship. To this end, the government has earmarked over Rs 20 billion for funding and supporting Al-related startups under the mission. The scheme will be rolled out in the next fiscal year, beginning April 1, 2024. Together, all the initiatives outlined by the IndiaAI mission echo the government’s vision to enhance India’s global AI leadership, promote technological self-reliance, ensure ethical AI deployment and democratise AI benefits across all societal strata. In the coming years, initiatives like this will help in creating numerous opportunities for young innovators and global investors. However, these need to be backed by timely implementation of policies and enhanced ease of doing business to bear significant results.