Niti Aayog Proposes Rs 7500 Crore For Making India A Powerhouse Of Artificial Intelligence: Will This Work?

In a time when technology inventions have been disrupting jobs, India needs to create new jobs for people who’ve been rendered redundant by automation. To place India as a paradigm for emerging economies in the field of Artificial Intelligence and push India in the emerging field of AI technology, the government think tank Niti Aayog has proposed a plan for an institutional framework and transparent policies for AI development in the country, namely ‘national strategy for artificial intelligence’.

Where can you See India in Artificial Intelligence?

Niti Aayog has circulated a cabinet note to provide a sum of Rs 7,500 crore to set up five centres of research excellence (CORE), 20 international centres for transformational AI (ICTAI) and a cloud computing platform, AIRAWAT, which can be accessed by anyone.

The note proposes the new government to pump in Rs 7,500 crore initially for three years and recommended setting up a high-level task force to oversee the implementation of the plan, headed by a NITI Aayog member with representation from all ministries and states.

•It is to set up research centres,

•Institute scholarships,

•Protect intellectual property related to AI

•Promote reskilling of workforce

•Continuously asses changing nature of jobs

In the Union Budget 2018-19, Niti Aayog was asked to come up with a national programme on AI, which led to the release of national strategic framework for AI in June 2018. This note is now under consideration by the Expenditure Finance Committee. The cloud computing platform is designed with a view of making India a pioneer amongst emerging economies with regards to AI and transform sectors such as education, health, agriculture, urbanization and mobility.

How Will this Plan Facilitate the Country’s Conditions?

Niti Aayog suggested that blending machine learning and technology with key factors of economy, will increase access and affordability of quality healthcare, enhance farmers’ income and reduce wastage, improve access to quality education, provide efficient connectivity to the urban population and help create smarter transportation modes. This will assess the swiftly fluctuating job natures.

This plan by Niti Aayog is estimated to bring in magnanimous results for the country.

•It can add up $957 billion to India’s GDP by 2035

•It can boost India’s annual growth by 1.3% points by 2035.

Data is one of the primary drivers of artificial intelligence solutions, thus appropriate handling of data, ensuring privacy and security is of prime importance. If all these parameters are covered by this plan proposed by Niti Aayog, the estimates can as well be achieved.

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