♦ The UN Trade and Development (UNCTAD) released the 2025 Technology and Innovation Report recently.
♦ According to this, India was ranked 10th in the world with significant private investments in Artificial Intelligence (AI) in 2023.
♦ India and China are the only developing countries in the world with significant private investments in Artificial Intelligence (AI) in 2023, It said.
Highlights:
♦ It stated that India ranked 36th in 2024 on the 'Readiness for Frontier Technologies' index, improving its position from 48th in 2022.
♦ India ranks 36th out of 170 nations on a global index measuring a country's readiness for frontier technologies, improving its ranking from last year, according to the report.
♦ India ranks 99th for ICT, 113th for skills, 3rd for R&D, 10th for industrial capacity, and 70th for finance.
♦ Bhutan, India, Morocco, the Republic of Moldova, and Timor-Leste improved their positions in human capital due to more years of schooling and a greater share of high-skill employment in their working populations, the report said.
♦ The report also notes that China, Germany, India, the United Kingdom, and the United States show scientific strength in the field of Artificial Intelligence (AI).
♦ The US leads the world in terms of private investment in AI, at USD 67 billion in 2023, or 70 percent of global AI private investment.
♦ The only developing countries with significant investments were China in second position, with USD 7.8 billion, and India in tenth position, with USD 1.4 billion, according to the report.
♦ The report noted that AI is expected to reach USD 4.8 trillion in market value by 2033, becoming a prominent force in digital transformation.
Posted Date: April 4, 2025