📰 *#mediafeature* India is actively shaping its AI regulatory framework, navigating the fine line between innovation and governance while avoiding overregulation. Various government bodies, including MeitY, RBI, NITI Aayog, and the Department of Commerce, are leading consultations on AI governance, competition, IP rights, and financial risks. Experts argue that a sectoral approach is the best path forward, preventing excessive restrictions while allowing AI to flourish. But with AI evolving faster than policies can keep up, a crucial question remains—will India’s approach be proactive enough to safeguard its digital future, or will regulatory uncertainty slow down progress? In conversation with 𝗛𝗶𝗺𝗮𝗻𝘀𝗵𝗶 𝗟𝗼𝗵𝗰𝗵𝗮𝗯 (𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗧𝗶𝗺𝗲𝘀), 𝗔𝗺𝗮𝗻 𝗠𝗶𝘀𝗵𝗿𝗮, 𝘀𝗲𝗻𝗶𝗼𝗿 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗮𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲 𝗮𝘁 𝗧𝗵𝗲 𝗗𝗶𝗮𝗹𝗼𝗴𝘂𝗲, pointed out AI’s dual impact on market competition, cautioning that while AI algorithms could enable collusion, they might also empower smaller players through innovation in supply chains and predictive analytics. With global AI superpowers like the US and China pushing ahead, can India craft a framework that protects businesses without stifling progress? Will policymakers manage to strike the right balance before it’s too late? ➡️ 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗵𝗲𝗿𝗲: https://economictimes.indiatimes.com/tech/artificial-intelligence/ai-regulations-still-in-beta-phase/articleshow/118336514.cms?from=mdr #ai #airegulation #meity #rbi #nitiaayog #us #china #artificialintelligence