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Will have sovereign AI models designed, built in India: Union Minister Rajiv Chandrasekhar

Will have sovereign AI models designed, built in India: Union Minister Rajiv Chandrasekhar

by AIP Online Bureau | Mar 11, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Rajeev Chandrasekhar,Minister of State for Electronics and Information Technology “We have passed the data protection law, and therefore for Artificial Intelligence, data sets are the raw material and therefore there will be a data collection platform...
Cabinet approves over Rs 10,000 crore to boost India’s AI ecosystem

Cabinet approves over Rs 10,000 crore to boost India’s AI ecosystem

by AIP Online Bureau | Mar 9, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology

By democratising computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects, and bolstering ethical AI, it will...

India to grow at 6.8 pc in FY’25, to become upper middle-income country by 2031

by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

“A projected average expansion of 6.7 per cent in this period will make India the third-largest economy in the world and lift per capita income to the upper-middle income category by 2031,” Crisil said.India, with a GDP size of USD 3.6 trillion, is...

India’s wheat, rapeseed ravaged by rain just before harvesting

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“The entire wheat crop has been flattened due to heavy rainfall and hailstorm. It was nearly mature, and we could have harvested it in two to three weeks,” said Mukesh Kumar, a farmer from Uttar Pradesh, the country’s largest producer of the grain...

Moody’s raises India’s 2024 GDP forecast to 6.8% from 6.1%, India to remain fastest growing G-20 nation ,

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, Indian News, Policy

“Robust goods and services tax collections, rising auto sales, consumer optimism and double-digit credit growth suggest urban consumption demand remains resilient. On the supply side, expanding manufacturing and services PMIs add to evidence of solid economic...
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