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Beyond payments, India’s contribution to healthcare and technology is noteworthy. It accounts for 60% of the vaccines supplied worldwide and supplies 40% of generic medicines, earning the moniker "pharmacy of the world." The country also generates nearly $300 billion annually through IT services, underpinning its role as a global technology and innovation hub.
The AI Promise: Building India’s Future
The crux of the discussion centered on India's potential in artificial intelligence (AI). Despite massive strides in digital infrastructure and IT services, AI and machine learning (ML) remain areas where India seeks to build further strength.
Key Areas for Development
Rahul Py, leading India’s ambitious AI/ML infrastructure projects, emphasized three primary focus areas: