Prime Minister Narendra Modi has underlined that AI, deployed responsibly and inclusively, will be central to India’s push towards developed-nation status.
Addressing ICAI’s AI Innovation Summit, he said AI is transforming industries, including accounting and finance, by enhancing efficiency and innovation.
Modi lauded chartered accountants for upholding integrity and urged them to lead technological change in the financial sector.
PM Highlights Need for Responsible, Inclusive AI Adoption
Artificial Intelligence is reshaping industries and creating new avenues for productivity as well as innovation
PM Narendra Modi File Photo
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Prime Minister Narendra Modi on Friday said responsible and inclusive adoption of artificial intelligence will play a vital role in accelerating India's journey to become a developed nation.
Artificial Intelligence is reshaping industries and creating new avenues for productivity as well as innovation, he said.
In a message to the AI Innovation Summit organised by the Institute of Chartered Accountants of India (ICAI), Modi said the accounting and financial professions are also witnessing rapid changes driven by technological advancements.
"When used responsibly and allied with human judgement, Al-powered tools can improve efficiency, strengthen compliance, enable better decision-making and help professionals deliver greater value," he said.
The prime minister's message was read out at the inaugural ceremony of the two-day summit that commenced on Friday in the national capital.
As India advances towards becoming a developed nation, he said responsible and inclusive adoption of Al will play a vital role in accelerating the journey.
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The government is taking various initiatives as part of larger efforts to make India a developed nation by 2047.
Modi also appreciated the invaluable contribution of the chartered accountants' fraternity to the country's progress.
"As India embraces the opportunities of the Al era, I am confident that the CA fraternity will continue to uphold the highest standards of integrity, while leading innovation and excellence in the financial sector, contributing to the building of Viksit Bharat," he said.
ICAI, set up under an Act of Parliament, has more than five lakh members.