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India's investment in AI

Why in news?

  • The 'Technology and Innovation Report 2025' report was released by the United Nations Conference on Trade and Development (UNCTAD).
    • According to this, India ranked 10th in the world by making a private investment of $ 1.4 billion in Artificial Intelligence (AI) in the year 2023.

Key points:

  • Top countries:
    • America: Investment of $ 67 billion (first place)
    • China: Investment of $ 7.8 billion (second place)
  • India's progress in adopting new technologies:
    • In the year 2024, India ranked 36th among 170 countries.
    • In 2022, this position was 48th - that is, India has made rapid progress. 

Evaluation criteria:

  • Availability of internet and digital technology
  • Digital and technical skills of the population
  • Research and innovation
  • Industrial capacity

India's scientific presence in AI:

  • More than 1.3 crore developers are active in India.
  • AI centers of excellence have been set up in institutions like IIT Hyderabad and IIT Kharagpur.

Policy initiatives in India:

  • The government approved the 'India AI Mission' in 2024.
  • This includes promoting AI courses, special focus on medium and small cities.
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