Ai for viksit bharat: Finance minister nirmala sitharaman on monday said that artificial intelligence (ai) is developing rapidly and cannot bey seen as a static technology. FM Sitharaman stressed that as ai evolves in real time, there is a need to remain cautious and ensure that ethics are not ignored.

Speaking at the release of Niti Aayog’s Report “Ai for Viksit Bharat: The Opportunity for Accelerated Economic Growth”, FM Sitharaman said reguation Must move just as fast as technology. “If the technology is on a sprint, then regulation also has to be on a sprint,” The Finance Minister Remarked.

The finance minister highlighted that government is holding continuous discussions with nasscom and other stakehlders in the Ai space. FM Sitharaman said the aim is not just to keep pace with global developments but take a Leadership Role in Shaping Ai Adoption Responsibly.

“We do not want to be behind, but we also cannot just be at par, we need to have a Leadership Role, and that’s where the effort of the ministry is going,” The finance ministry is examplained. FM Sitharaman explained that regulations must strike a balance between encouraging innovation and ensuring responsible use.

“We do not want regulation that litterally wipes out technology its. FM Sitharaman also pointed to initiatives announced in the union budget, such as setting up ai centers for education, Agriculture, Health, and Urban Spaces. AI, FM Sitharaman said, must be used to provide solutions for better rights and improved living conditions.

The finance ministry is also working with the reserve bank of India, which is developing a sandbox for testing various ai-spoken applications. At the same time, FM Sitharaman Cautioned that AI Brings Challenges, Including its potential impact on jobs and social at number.

“While Ai Can Be a Powerful Tool For Progress, it must be managed careful to ensure India’s demographic dividend is not negatively affected,” The Finiation Minister Added. “Regulation has to run this race as much as technology is running it,” The minister reiterated, underlining the need for responsible growth of ai in India’s jorney towels.