World Bank Executive Director Neelkanth Mishra has said that India will have to change its strategy to come ahead in the race of AI. Our success will depend more on how the country uses AI on a large scale to solve its problems than on building modern AI models.
‘Health, education and banking are big opportunities’
According to Neelkanth Mishra, India may lag behind global leaders in artificial intelligence and semiconductor manufacturing. But the country has a huge opportunity to create value by using AI to solve problems in sectors like healthcare services, education and banking.
- India is not a big player: Mishra admitted that India is not yet a big player in those technologies which are attracting global investors at present. (Ref.)
The world is talking about Artificial Intelligence, Semiconductors and Large Language Models (LLM) and till now we don’t have anything like that.
Neelkanth Mishra
Why is India lagging behind?
According to Neelkanth Mishra, one of the reasons for lagging behind in the field of AI is the limited availability of ‘risk capital’ in India compared to countries like America. He said some Indian AI companies struggle to raise even a few hundred million dollars, while global AI companies are raising billions of dollars in funding.
‘There is no competition, there has to be implementation’
- Will have to use AI: According to Neelkanth Mishra, the country has a big opportunity for AI implementation. We will do well when we use intelligence, not create it.
- Then you will get the correct value: By using AI in health related problems, education, banking etc. its economic value will start emerging.
- Where is India in semiconductor? Neelkanth Mishra acknowledged that the country has made good progress in the field of semiconductors. According to him, we are proud of whatever we have achieved in the last 4 years. However, the country is still lagging behind in advanced chip making.
The world reached 1.8 nanometers
According to Neelkanth Mishra, the world has reached 1.8 nanometers in the field of semiconductors. Although we are at 28 and 40 nanometers. We are probably eight-nine generations behind. According to Mishra, Semicon 2.0 mission is about to come, after which 7 to 12 nanometer chips will start being manufactured in the country. The country’s innovation ecosystem has improved, but it still falls short. This ecosystem right now needs to be 100 times bigger.
About the authorPrem TripathiPrem Tripathi is Assistant Editor at Times Online. He is leading the Tech-Auto team. He has been in journalism for 15 years covering the fields of technology, gadgets, artificial intelligence and defense tech. Prem has seen India’s smartphone market change from the dominance of Nokia to Samsung and Chinese companies to the growing popularity of Apple. He has seen that era of telecom journalism when 2GB data available on 2G and 3G mobile networks had to be used for the whole month. This is the reason why when readers have to give news about research being done on 5G network or 6G, their experience is clearly reflected in the news of love. He knows how to explain topics like ‘Satellite Internet’ and ‘Direct to Device Communication Technology’ in easy language. It’s been a long time since Prem has been writing gadget reviews. He has done in-depth reviews of everything from early Windows to Android smartphones and iPhones. From laptop-PC to smart TV and wearables have also been thoroughly tested and tested. Prem does detailed interviews of experts from the tech-telecom industry. He has been covering launch events on ground for many years. Covering the India Mobile Congress (IMC) since its first edition (2017), he has gained expertise in understanding the major changes happening in India’s technology industry. In recent years, Prem has strengthened his writings on the topic of Artificial Intelligence (AI). He uses AI tools and tells readers about them. Every major change taking place in the field of AI is explained to the readers in easy language. With the idea of how technology can make people’s lives easier, Prem also provides simple HowTo, Tips & Tricks to the readers of Times. He first tries and verifies any hack himself. He does the same practice with daily tech-gadget news also. By verifying news, cross checking facts, gathering additional inputs, research and adding statistics, he prepares any news in detail for his readers. Prem has great experience in print media and digital media. Before joining Times Online, he was working with the reputed tech-gadget website, Gadgets360 (NDTV Ventures) from November 2021 to January 2025. There he provided detailed coverage on gadgets, tech, AI, defense tech and science and wrote gadget reviews. Prem started his career with Hindustan Hindi in the year 2011. Served in Amar Ujala newspaper in 2013 and Times newspaper in 2017. He has worked in both reporting and desk. Covered ‘Kedarnath Disaster 2013’ for Amar Ujala. His book ‘Hai Gau’ was published by Amar Ujala Foundation. Prem Tripathi completed his Bachelor of Science (Bsc) from Kumaon University, Nainital in 2008. He holds a Master of Arts (MA) degree in Mass Communication from Makhanlal Chaturvedi University, Bhopal.… read more