Reforms 3.0 — towards the Bharat rate of growth
The article advocates for India to embrace Artificial Intelligence (AI) as a catalyst for economic growth, aiming for a 'Bharat rate of growth' exceeding 8%. It draws parallels with the 1991 economic reforms and the success of Digital Public Infrastructure (DPI) like Aadhaar and UPI. Key proposals include making AI tokens free, increasing R&D investment, diversifying AI compute hardware beyond single-vendor dominance, and building sovereign AI capabilities through a National AI Token Policy and public-private partnerships. The author suggests reallocating a fraction of existing subsidies to fund AI initiatives, starting with educational and research institutions, and scaling to various sectors and languages.
The article advocates for India to embrace Artificial Intelligence (AI) as a catalyst for economic growth, aiming for a 'Bharat rate of growth' exceeding 8%. It draws parallels with the 1991 economic reforms and the success of Digital Public Infrastructure (DPI) like Aadhaar and UPI. Key proposals include making AI tokens free, increasing R&D investment, diversifying AI compute hardware beyond single-vendor dominance, and building sovereign AI capabilities through a National AI Token Policy and public-private partnerships. The author suggests reallocating a fraction of existing subsidies to fund AI initiatives, starting with educational and research institutions, and scaling to various sectors and languages.
Exam linkage
GS Paper 3: Indian Economy (Growth, Development, Government Budgeting, Subsidies, Investment Models); GS Paper 3: Science and Technology (Developments and their applications, Indigenization of technology, IT, Computers, Robotics).