Prime Minister Modi on AI Ecosystem and Economic Growth
Prime Minister Narendra Modi emphasized India's commitment to establishing a robust artificial intelligence (AI) ecosystem by enhancing computing power and data center infrastructure. This initiative is expected to generate significant employment opportunities for the youth.
AI Impact Summit and Global Presence
- The AI Impact Summit is being hosted in India, marking a significant event for the Global South.
- Modi is set to address the main plenary on February 19, reinforcing India's leadership in AI innovation.
Union Budget and Economic Strategy
Modi highlighted the innovative approach of his government’s budgets, steering clear of traditional “bahi khata” practices. He stressed the "now-is-the-time" philosophy driving national growth and resilience even amidst global challenges.
Defence Modernization and Budget Allocation
- The defence budget was increased by 15%, reaching Rs 7.85 lakh crore, the largest allocation to any ministry.
- Operation Sindoor was cited as an example of the benefits derived from recent reforms in the armed forces.
Infrastructure Development and Private Sector Involvement
Modi underscored the massive infrastructure expansions, such as doubling airports and expanding metro services, that have been achieved. The government now seeks active private sector participation for further innovation-led growth.
Trade Deals and Economic Strength
- Recent trade agreements underscore India’s position as a competitive and fast-growing economy.
- The successful EU trade agreement exemplifies how India's approach has shifted to negotiating from a position of strength.
