India is charging ahead in the global AI arena, mastering every tier from applications to energy infrastructure, Union Minister Ashwini Vaishnaw affirmed at Davos’ World Economic Forum. His insights during the ‘AI Power Play’ discussion painted a picture of methodical national progress in AI development and deployment.
Eschewing the ‘bigger is better’ mantra, India’s strategy zeroes in on real-world viability and investor returns. The minister explained that compact models in the 20-50 billion parameter bracket handle 95% of use cases effectively, proving size isn’t everything.
These indigenous, budget-friendly innovations are already transforming sectors by amplifying efficiency and output at low costs, embodying fiscal prudence in tech adoption.
Vaishnaw contested IMF assessments with Stanford’s authoritative metrics: India ranks third in AI preparedness and second in skilled workforce globally. To empower broader access, a public-private GPU consortium offers 38,000 units via a government-backed platform at steeply discounted rates for students and entrepreneurs.
A parallel nationwide program targets training one crore people in AI, ensuring India’s IT powerhouses and startups lead in service delivery. With these pillars, Vaishnaw forecasted India’s climb to the third-largest economy soon.