Ahmedabad Wealth Management：Here❼the roadmap of India❼pioneering AI regulation
India❼stance on regulating artificial intelligence (AI) is a dynamic process, evolving in tandem with global developments while addressing domestic challengesAhmedabad Wealth Management. The Ministry of Electronics and Information Technology (MeitY) has articulated its intent to regulate high-risk AI applications, emphasising user protection, potentially through dedicated rules within the proposed Digital India Act.
However, the enactment of a bespoke AI legislation is yet to materialiseAhmedabad Stock. Recognising the need to catalyse emerging technologies✩rowth, including AI, MeitY underscores the importance of establishing guardrails for safe and ethical AI use, ensuring accessibility to trustworthy AI, averting misuse, and leveraging AI❼potential as a catalyst for India❼digital economy.
Challenges and Considerations
AI regulation in India is met with various ethical and risk-related challenges, encompassing concerns such as bias, privacy violations, lack of transparency, and liability attribution ambiguity. In response, central and state government agencies have initiated efforts to standardise responsible AI development and promote best practices. Despite these endeavours, MeitY acknowledges that India❼current AI strategy falls short in adequately addressing these concerns.
Global Influences and Collaboration
India seeks to align its AI governance with global trends, particularly inspired by the European Union❼(EU) recent regulatory milestone — the AI Act. This legislation, featuring harmonised rules based on AI risk levels, serves as a benchmark for India❼regulatory aspirations. MeitY aims to collaborate with like-minded democracies to negotiate a global AI regulation agreement and establish a supranational institutional framework based on international consensusMumbai Wealth Management. The timeline for such global agreements remains optimistic, with expectations of tangible progress within the next six to nine months.
India❼Initiatives
India❼AI journey is punctuated by various initiatives and reports, including the National Program on AI (NPAI), Indiaai portal, Gen AI Report, recommendations from the Telecom Regulatory Authority of India (TRAI), and the Responsible AI ReportAgra Wealth Management. These efforts underscore India❼multifaceted approach to AI governance, encompassing skilling, capacity-building, and sectoral integration.
MeitY has formed expert groups to deliberate on India❼AI program goals and design. These groups submitted the initial edition of the AI Report, shaping India❼AI ecosystem❼future trajectory. Additionally, India, as Chair of the Global Partnership on Artificial Intelligence (GPAI), hosted a summit and crafted the New Delhi Declaration, reinforcing commitments to advancing safe and secure AI globally.
India❼endeavours in AI regulation reflect a nuanced approach, balancing the imperatives of progress with the imperatives of protection. Inspired by global regulatory frameworks and informed by domestic considerations, India❼evolving AI governance landscape underscores the country❼commitment to harnessing AI❼potential while safeguarding societal interests. As India continues to navigate the complexities of AI regulation, collaboration, innovation, and ethical stewardship will remain paramount in shaping the country❼AI future.
—The authors Shaguftha Hameed, Aditi Tripathi and Abhay Kumar Yadav, are Principal Associate and Associates respectively at law firm Gravitas LegalBangalore Stock Exchange. The views expressed are their personal.
Mumbai Wealth Management
