The Central Government made a policy paradigm shift by eliminating license requirements for companies intending to introduce “untested” AI for manufacturing or distributive goods or services. The fact that OECD regulators have been proceeding in this direction is already a sign that there are plans to switch from the current framework that requires AI applications to be inspected before they can be made available for commercial use.
When this occurs, the stakeholders, alongside policy examiners, give their two cents. It is the argument for the enabler, the decision that speeds up AI innovation as companies enjoy a barrier-free market because there is nothing much to get entangled in red tape. Critics, however, point out possible risks associated with the spread of AI, they underline the necessity of reliable rules against the outbreak of non – checked AI.
This step by India is often seen as a strategic approach, which could place it among the top world powers competing for this swiftly developing technology. The biggest economies worldwide are undergoing a wave of reforms to build the best possible regulatory regulations and achieve the highest level of AI investment.
However, the government has put the burden of developing an innovation system alongside responsible AI design on private sector companies. It expects the players to provide a conducive environment for ethical frameworks and self-governance. There are a lot of professionals who think that implementing new regulations to address the matters related to maintaining a healthy balance between the speed of innovation and mitigation of potential cons for society will define the success of this attempt.
With the surge of AI in all sectors and the rearrangement of traditional business models, the government decision seems to be at a threshold that allows room for experimentation and innovative approaches. Nevertheless, it is best to wait and see when the field completes the phases of AI implementation, which require carefully holding the technological advancements while ethics are the focus.
The shift in policy is good evidence of the growing aspiration of India to build up AI in the future; but the effective implementation of the same by companies will determine how AI-driven innovations will go hand in hand with safeguards against undesirable consequences.
