India’s Next Innovation in UPI May Be Artificial Intelligence

India's Next Innovation in UPI May Be Artificial Intelligence
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India’s digital public infrastructure has revolutionized services such as payments and identity verification. The article posits that the next logical step is to develop a similar shared framework for artificial intelligence. Key elements like reliable data, interoperable systems, governance, and talent prepared for AI could enable India to advance beyond mere AI projects, potentially unlocking over $500 billion in economic value by 2030.

The next UPI moment for India could be artificial intelligence

India’s discourse on AI is shifting towards models, agents, and applications. Yet, the larger question is whether India can replicate its success in digital payments within the sphere of artificial intelligence. Over the last ten years, India has created some of the world’s most effective digital public platforms, connecting over a billion citizens, millions of businesses, and entire sectors through shared digital infrastructure. Initiatives like Aadhaar, UPI, DigiLocker, Account Aggregator, ONDC, and the Ayushman Bharat Digital Mission have proven that common digital foundations can spur innovation.

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