New Delhi: Prime Minister Narendra Modi addressed the Artificial Intelligence (AI) issue on Thursday and stated that it is meant to be ‘all inclusive’ in the context of India, which is orientated toward developing AI in an equitable, responsible, and scalable manner. In a speech at the Global Fintech Fest 2025, Modi explained that India views AI through the lens of three principles, including equitable access, population-scale skilling, and responsible deployment. He added that the experience of India in developing digital public infrastructure has shown that technology has the power to empower people in large numbers and that the same model will characterise the AI roadmap in India.
Modi emphasised that the experience of India in constructing digital public platforms, such as the India Stack, can act as an example to the Global South, as well as other countries of the world in general. He restated how India is in favour of establishing a worldwide system of ethical and human-focused AI. He said that no one should underestimate the scale alone but instead combine it with inclusion, resilience, and sustainability, so AI should be created with people at the core to guarantee trust and transparency in its use.
AI for inclusion and growth
The Prime Minister highlighted how AI could transform the sphere of digital finance, both in terms of eliminating underwriting bias and fraud and enhancing service delivery. According to him, trust in first-time online users is very crucial, and the systems must find ways to make sure that any mistake is rectified promptly to boost digital trust and inclusion.
India-UK Fintech Cooperation
Modi also stated that he was going to enhance the collaboration between India and the UK by the Fintech Corridor that will provide links between start-ups, institutions, and innovation hubs. He added that alliances of the London Stock Exchange with GIFT City will create new financial opportunities and supplement the impending free trade agreement. Emphasising the success of fintech in India, Modi mentioned that UPI allows 20 billion transactions every month, worth over 25 lakh crore, and half of all real-time payment transactions in the world are made in India.