As the world hurtles towards defining the rules for artificial intelligence (AI), two global superpowers, the US and the EU, are pulling the future in opposite directions. Amidst this chaos, India is poised to make its mark, but only if it can harmonize its domestic standards with international norms while preserving the flexibility to address uniquely Indian challenges.
Avoiding the ‘Soft-Touch Jurisdiction’ Tag
India’s AI journey is at a crossroads. The absence of a concrete regulatory framework has earned it the tag of a ‘soft-touch jurisdiction’, attracting global companies eager to develop and deploy AI models without facing the friction of compliance-heavy regimes like the EU. However, this lack of regulation also raises concerns about the lack of oversight and accountability, potentially undermining the trust and confidence of consumers.
The Global Angle: Compliance and Cooperation
As Indian companies begin exporting AI solutions or integrating with global platforms, they’ll inevitably come under the scanner of EU AI Act obligations, US State AI laws, and requirements of countries where the AI is being deployed. To position itself as a global hub for ethical AI, India must ensure that its domestic standards align with international norms, while leaving room to address uniquely Indian challenges. This requires a delicate balance between cooperation and competition, as well as a willingness to adapt to the evolving landscape.
Reimagining Work with AI
‘India’s AI journey is at a defining moment,’ says Sumeet Mathur, SVP & MD, ServiceNow India. ‘This is not just about automation, it’s about reimagining work itself.’ As AI transforms the way we live and work, India has a unique opportunity to shape its own destiny and create a future that is both prosperous and humane. However, this requires a concerted effort to develop and deploy AI in a way that is transparent, accountable, and beneficial to all.
A Call to Action: Scripting India’s AI Destiny
As India navigates the complexities of AI regulation, it must prioritize international cooperation and domestic innovation. By striking a balance between flexibility and accountability, India can create a regulatory framework that supports its unique challenges while aligning with global standards. The future of AI is uncertain, but one thing is clear: India’s ability to script its own destiny will depend on its willingness to adapt, innovate, and lead the way in this rapidly evolving landscape.
