Topic : Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Achievements of Indians in science & technology; indigenization of technology and developing new technology.
5. Account for the prospects and challenges of AI economy in India. (250 words)
Reference: The Hindu
Why the question:
The article brings to us the importance of AI economy to India.
Key Demand of the question:
One must account for the prospects and challenges of AI economy in India.
Directive:
Account – Weigh up to what extent something is true. Persuade the reader of your argument by citing relevant research but also remember to point out any flaws and counter- arguments as well. Conclude by stating clearly how far you are in agreement with the original proposition.
Structure of the answer:
Introduction:
Start with some key facts such as; Data and AI services are expected to help boost India’s economic growth in a big way. For example, according to NASSCOM, data and AI will contribute $450 billion-$500 billion to India’s GDP by 2025, which is around 10% of the government’s aspiration of a $5 trillion economy.
Body:
Start by discussing the prospects of AI to India.
India has a thriving AI start-up ecosystem with cutting-edge solutions being developed in areas such as cancer screening, smart farming and conversational AI for the use of enterprises.
Our skilled human resource in AI/ML is fast growing, with over 5,00,000 people working on these technologies at present.
Discuss the steps taken to promote AI in India. Suggest what needs to be done to ensure AI driven economy’s potential is harnessed for our country.
Conclusion:
Conclude that the future for AI looks promising but to convert the potential into reality, India will need better strategies around talent development, stronger policies for data usage and governance, and more investments in creating a technology infrastructure that can truly leverage AI.
