The AI revolution: Promise and peril for India's future
The Business Guardian|December 08, 2024
Artificial Intelligence (AI) is transforming societies, economies, and governance systems at an unprecedented pace.
SHARANPREET KAUR
The AI revolution: Promise and peril for India's future

As one of the fastest-growing technology hubs, India stands on the cusp of an AI revolution. By leveraging its burgeoning digital infrastructure, entrepreneurial spirit, and government initiatives such as AI for All, India is positioning itself as a key player in the global AI ecosystem. However, the rapid proliferation of AI raises significant questions about equity, ethics, and governance. As India accelerates its adoption of AI technologies, it must address these challenges to ensure inclusive and sustainable growth.

India's unique combination of a large, tech-savvy population and vast datasets provides a fertile ground for AI innovation. Across sectors like healthcare, agriculture, education, and governance, AI-driven solutions are making tangible impacts. For example, AI-powered diagnostic tools are enabling earlier detection of diseases like tuberculosis and cancer, where timely intervention can save lives. Telemedicine platforms such as Practo and 1mg are revolutionizing healthcare access, especially in underserved rural regions, by using AI to connect patients with doctors virtually.

In agriculture, AI-powered technologies are helping farmers optimize productivity and reduce waste. Companies like CropIn and DeHaat are using predictive analytics to offer real-time insights into soil quality, crop health, and weather conditions. AI-enabled drones monitor plantations, ensuring efficient use of water and pesticides. These innovations not only enhance yields but also contribute to the government's broader goal of doubling farmer incomes by 2024.

This story is from the December 08, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 08, 2024 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE BUSINESS GUARDIANView All
Auriga Corporate Advisors Announces New Leadership and Expanded BFSI Services
The Business Guardian

Auriga Corporate Advisors Announces New Leadership and Expanded BFSI Services

Auriga Corporate Advisors, a leading investment banking advisory firm, unveiled a new chapter in the company's journey. It inducted an expanded leadership team and enhanced financial services and investment solutions for SME and MSME businesses.

time-read
1 min  |
January 21, 2025
Budget 2025 to focus on CAPEX, infrastructure, and Welfare: Report
The Business Guardian

Budget 2025 to focus on CAPEX, infrastructure, and Welfare: Report

The upcoming Union Budget is expected to prioritize growth by significantly enhancing capital expenditure (CAPEX) with key focus areas anticipated to include infrastructure projects such as roads, water supply systems, metro systems, railways, defence, digital infrastructure, green technologies, and social welfare initiatives, according to Axis Securities report.

time-read
1 min  |
January 21, 2025
Supreme Court Stayed Proceedings Against Rahul Gandhi In Criminal Defamation Case Over Remarks Against BJP And Amit Shah
The Business Guardian

Supreme Court Stayed Proceedings Against Rahul Gandhi In Criminal Defamation Case Over Remarks Against BJP And Amit Shah

The Supreme Court in the case Rahul Gandhi Versus The State Of Jharkhand And Anr observed and has stayed the trial court proceedings initiated in the criminal defamation case filed against Congress MP and Leader of Opposition Rahul Gandhi for allegedly saying that Bharatiya Janata Party members were \"liars\" and \"drunk with power\" and for calling Union Home Minister Amit Shah a \"murder-accused\".

time-read
2 mins  |
January 21, 2025
AIBI Meet 2024-25 to Highlight IPOs Driving India's Economic Growth
The Business Guardian

AIBI Meet 2024-25 to Highlight IPOs Driving India's Economic Growth

The Association of Investment Bankers of India (AIBI) is set to host the much-anticipated 13th edition of its Annual Convention scheduled for 21st January 2025 at the prestigious Jio World Convention Centre, Bandra Kurla Complex, Mumbai.

time-read
2 mins  |
January 21, 2025
DPIIT Partners With Apna For Job Creation
The Business Guardian

DPIIT Partners With Apna For Job Creation

Apna has connected over 59 million users to job opportunities across more than 900 cities.

time-read
1 min  |
January 21, 2025
RUSSIAN AMBASSADOR TO INDIA EXTENDS BIRTHDAY WISHES TO NSA AJIT DOVAL ON TURNING 80
The Business Guardian

RUSSIAN AMBASSADOR TO INDIA EXTENDS BIRTHDAY WISHES TO NSA AJIT DOVAL ON TURNING 80

Russian Ambassador Denis Alipov extended birthday wishes to NSA Ajit Doval, highlighting his pivotal role in India-Russia relations and strategic expertise.

time-read
1 min  |
January 21, 2025
Supreme Court: Police Arresting Accused After Filing Chargesheet And Courts Cognizance Makes No Sense
The Business Guardian

Supreme Court: Police Arresting Accused After Filing Chargesheet And Courts Cognizance Makes No Sense

The Supreme Court in the case Musheer Alam v State of Uttar Pradesh observed and has deprecated the practice of police arresting an accused, who was not arrested during investigation after the Court has taken cognizance of the chargesheet.

time-read
2 mins  |
January 21, 2025
SUPREME COURT ASKS UP POLICE TO ENQUIRE IF ASHISH MISHRA ATTEMPTED TO INFLUENCE WITNESSES
The Business Guardian

SUPREME COURT ASKS UP POLICE TO ENQUIRE IF ASHISH MISHRA ATTEMPTED TO INFLUENCE WITNESSES

The counsel, Senior Advocate Siddharth Dave, appearing for Mishra refuted the allegations and said that the application was \"publicity oriented\".

time-read
2 mins  |
January 21, 2025
GIBF Organised a Grand Bilateral Business Conference in Delhi
The Business Guardian

GIBF Organised a Grand Bilateral Business Conference in Delhi

In a grand event organized by the Global Indian Business Forum (GIBF) at the Constitution Club of India in New Delhi, entrepreneurs from various sectors across India were honoured with the National Business Excellence Award.

time-read
1 min  |
January 21, 2025
Telecom tariffs may rise in late 2025, entry-level plans to stay unchanged: Report
The Business Guardian

Telecom tariffs may rise in late 2025, entry-level plans to stay unchanged: Report

The Indian telecom sector is gearing up for another round of tariff hikes, likely to exceed 15 per cent, by late 2025, says a report by IIFL Capital.

time-read
1 min  |
January 21, 2025