India’s AI Moment is (Not) Here

To make this happen, India needs massive AI investments – faster – particularly from private tech giants like Amazon, Google, IBM, Microsoft, Apple, Meta etc., alongside Indian conglomerates such as Reliance Industries, Adani, TATA, and Indian IT firms like TCS, Infosys, Wipro, Tech Mahindra, and others.

Of course, government support is equally important in opening up the market fairly and responsibly for everyone – ‘if the country were to lead the global AI race’ – an emotion amplified at the recent B20 Summit India 2023.

In June, Google announced that it will be investing $10 billion in India’s digitisation fund, besides opening a global fintech operation centre in Gujarat. Amazon, on the other hand, said that it plans to invest an additional $15 billion in India, taking its total investment in the country to $26 billion, alongside investing an additional $12.7 billion in the cloud infrastructure in India by 2030.