India must ramp up AI and chip production to meet global competition

The Chief Economic Adviser argues that India needs to dramatically increase investment in AI and semiconductor manufacturing to ensure competitiveness with the United States and China.
india, ai, semiconductors, c ea, v anantha nageswaran, global competition, us, china, tech strategy, semiconductor manufacturing, ai investment, energy transition

At the Emkay Confluence in Mumbai, Chief Economic Adviser V. Anantha Nageswaran emphasised that while trade-related concerns remain significant, they must not obscure the urgent need for India to boost its AI and semiconductor sectors.

He pointed to AI’s transformative economic potential and strategic importance, warning that India must act decisively to remain competitive as the United States and China advance aggressively in these domains.

By focusing on energy transition, energy security, and enhanced collaboration across sectors, Nageswaran argued that India can strengthen its innovation capacity and technological self-reliance.

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