NITI Aagyog is planning to pump in Rs7,500 crore for the development of artificial intelligence (A.I) in India. Five institutes or centres of research excellence (CORE), 20 international centres for transformational AI (ICTAI), AIRAWAT and a cloud computing platform would be set up through the funding.
A note circulated by NITI Aagyog proposes that the new government formed after the recent Lok Sabha elections to allocate the Rs7,500 crore, which is to be spread over a period of three years. A high-level taskforce would also be established to oversee the rollout and implementation of AI.
Furthermore, an official from the government think tank would present a cabinet note to the new government to install an institutional framework and a transparent policy for the growth of AI in the country.
The government had entrusted NITI Aagyog in the Union Budget for 2018-19 to develop a national programme on AI. In June 2018, the think tank had released the national strategy for artificial intelligence. It believes AI has tremendous potential to boost the economy.
Moreover, its estimated that it will add $957 billion to India’s GDP by 2035, boosting India’s annual growth by 1.3 percentage points. Overall, the government’s goal is to position India as a trailblazer for emerging economies and is confident that technology can help address some of the key challenges in social sectors such as mobility, education, urbanization and health.