Devanjana Mukherjee, Khabri Media
In recent years, artificial intelligence (AI) has emerged as a transformative force with the potential to tackle some of the world’s most pressing challenges.
Pic: Social Media
Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Shri Piyush Goyal said that Artificial Intelligence (AI) is a powerful tool to fight poverty, deliver goods and services to remote areas, and reskill the workforce for the future. To subscribe please click tau.id/2iy6f and access our live channel.
This was stated by the Minister in the inspirational address delivered at the ‘Inaugural Edition of Slush’D’, held in New Delhi on Saturday, November 4. In recent years, artificial intelligence (AI) has emerged as a transformative force with the potential to tackle some of the world’s most pressing challenges.
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Shri Goyal reiterated India’s commitment to embracing disruptive technologies, particularly AI, and encouraged the adoption of AI to solve real-world problems and improve lives. Poverty remains one of the most persistent and complex global issues.
While traditional interventions have made significant progress, AI offers a new and powerful approach to tackle this problem. It can combat poverty is through enhancing economic productivity. AI-powered technologies can improve agricultural practices, optimize resource allocation, and provide valuable insights to small-scale farmers, enabling them to increase their crop yields and income.
Pic: Social Media
The Minister recognized India’s role as a global leader in AI and noted the nation’s growing recognition in the international startup ecosystem. He underlined that India’s strengths lie in its large, youthful population, vast data resources, and an entrepreneurial culture.
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He encouraged Indian startups to be ambitious, welcome innovation, and address the challenges that lie ahead. Currently, India has over 115,000 startups, compared to approximately 450 startups seven years ago. He credited this growth to the small capital provided to young entrepreneurs and their ability to leverage the abundance of data in India, turning innovative ideas into reality.
The event brought together the dynamic and diverse participants of India’s growing startup ecosystem. As the Inaugural Edition of Slush’D provided a platform for discussions, networking, and inspiration, Shri Goyal concluded his address by encouraging young Indian talents to transform their ideas into new ambitions and missions.
He underscored the importance of AI as a catalyst for India’s economic growth and its potential to become India’s unique selling proposition. Moreover, hoping that the nation’s thriving startup ecosystem will eventually become the largest in the world, provided that the youth continue to believe in big, audacious goals.
