New York: According to a UN report, India ranks 10th in AI (Artificial Intelligence) with an investment of $ 1.4 billion and India and China are two developing countries in the world that will make important private investments in AI by 2033. The Technology and Innovation Report released by the United Nations Trade and Development (UNCTAD) stated that India ranks 36th in the reading index for Leading Technology in 2024, which is better than its performance in 2022.
Earlier in the year 2022, India was ranked 48th in this index. India finished 36th in the ranking of 170 countries around the world in terms of readiness to adopt leading technologies. According to the World Body report, India's rankings have improved compared to previous years. This ranking includes countries that show readiness in adopting new and important techniques. The index consists of indicators of ICT (Information and Communication Technology) Periodic, Skill, Research and Development (R&D) activity, industrial capacity and access to finance.
India ranks 99th for ICT, 113rd for skill, third for R&D, 10th for industrial capacity and 70th for finance. The report said that the ranking of Bhutan, India, Morocco, Maldova Republic and Timor-Ltest has improved in terms of human resources. This report states that Brazil, China, India and Philippines are developing countries which are doing better in technology readiness. The report said that the US is at the forefront of investing in AI and in 2023, the US invested $ 67 billion in AI. This is 70 percent of the investment in the field of AI in the world.
According to the report, China, the only developing country, ranks second with a significant investment of 7.8 billion US dollars and India ranks 10th with an investment of $ 1.4 billion. The report said that by the year 2033, the AI market worldwide will be $ 4800 billion and will play an important role in digital changes. However, AI infrastructure and expertise access to a few economies. 100 major companies are working in the AI sector and most of them are in the US and China. Both these countries are spending 40 percent of the total expenditure in research and development in AI.
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The benefits of AI-operated automation often prefer capital than labor, which can increase inequality and affect jobs. Also, the competitive benefits of low cost labor in developing economies may be reduced. AI will only affect jobs, it is not, because it can create workers as well as strengthen the workers. The report states that it is necessary to provide new skills, increase skills and invest in workforce adaptation to ensure that AI enhances them rather than eliminating employment opportunities. The report said that Brazil, China, India and Philippine are developing countries that are doing better in technology readiness.
