The Union Minister for Information and Broadcasting highlighted the balanced approach to economic growth taken by India with both manufacturing and services driving nations’s development.
Addressing global leaders and industry captains, Shri Ashwini Vaishnaw, Union Minister of Information & Broadcasting, Railways, Electronics & IT presented India’s vision of inclusive development and its remarkable growth story to global leaders and industry captains at the World Economic Forum in Davos.
Here's how AI will change the future
On AI, he emphasized India’s potential to become the “use case capital” of the world, creating innovative applications for industries globally. He noted that while AI models are becoming increasingly commoditized, the focus should shift to developing use cases, applications, and solutions that cater to global industries. “Experts believe that India has the potential to lead the world in AI services, just as it has successfully done in the IT services sector,” the minister remarked, underlining India’s capability to shape the future of AI on a global scale.
Shri Ashwini Vaishnaw underscored the government’s focus on skilling to prepare India’s workforce for emerging technologies, particularly in artificial intelligence (AI). “We have set an ambitious target to equip at least 1 million people with AI tools and skills, enabling them to create use cases and applications that the world needs,” the minister stated.
He highlighted similar large-scale initiatives in other sectors, such as setting up 5G labs in 100 universities to prepare students for the telecom industry and providing advanced EDA tools in 240 universities to train students in semiconductor design. By aligning course curricula with industry requirements, the government is ensuring a skilled workforce at every level of the value chain, with results already becoming visible across industries.
The roadmap ahead
Shri Vaishnaw stated that “Most semiconductor industry leaders believe today that India will soon join the top three destinations for semiconductors.”
Emphasizing why global companies are increasingly gravitating towards India, the Union Minister highlighted the nation’s “unique advantage” rooted in trust, abundant talent, and exceptional design capabilities.
