Mon Sep 15 07:36:17 UTC 2025: **Summary:**

Finance Minister Nirmala Sitharaman launched the ‘AI for Viksit Bharat’ report in New Delhi, emphasizing the need for responsible AI regulation that encourages innovation rather than stifling it. The report, prepared by NITI Aayog, highlights AI’s potential for economic growth but also acknowledges potential job displacement and misuse concerns. It stresses the importance of workforce reskilling and aligning industrial and trade policies with evolving global standards, such as the EU’s AI Act.

**News Article:**

**India Aims for “Responsible” AI Growth, Warns Against Stifling Innovation**

**New Delhi, September 15, 2025** – Finance Minister Nirmala Sitharaman today unveiled the ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’ report, outlining India’s strategy for harnessing the power of Artificial Intelligence while mitigating potential risks. During the launch event, Sitharaman stressed the importance of implementing regulations that foster innovation in a responsible manner, rather than hindering the burgeoning AI sector.

“We do not want regulation that literally wipe out technology itself,” Sitharaman stated, emphasizing the government’s commitment to ensuring the responsible application of AI across various sectors. The report, prepared by NITI Aayog, projects both significant economic growth potential from AI and potential job displacement, particularly in routine and low-skill roles.

The report calls for a two-pronged approach: preparing the workforce with advanced digital and AI skills to capitalize on new opportunities, and simultaneously reskilling or redeploying workers displaced by AI. Addressing concerns about potential misuse, Sitharaman acknowledged that AI “can also have its challenges,” necessitating ethical considerations.

Furthermore, the report highlights the need for India to deepen domestic demand and strengthen participation in global value chains. This requires aligning industrial and trade policies with rapidly evolving international standards, such as the European Union’s AI Act and carbon border adjustment measures.

The Indian government aims to strike a balance between promoting AI innovation and safeguarding against potential negative consequences, ensuring that AI contributes to the nation’s economic growth and social well-being.

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