India Prioritizes Innovation: Existing Laws to Govern AI, Says MeitY Secy

• Government prefers using existing legal frameworks like the DPDP Act for AI regulation, avoiding new laws unless absolutely necessary.
• MeitY Secretary S Krishnan emphasized that the regulatory approach aims to foster innovation and not hinder the burgeoning tech sector.
• Existing Intellectual Property (IP) Act and the Digital Personal Data Protection (DPDP) Act already cover many AI-related issues.
• India's AI strategy focuses on its impact in key sectors like agriculture, manufacturing, healthcare, and finance to boost productivity.
• The goal is to achieve developed nation status by 2047, with AI acting as an assistive mechanism, leveraging India's human resource advantage.

Why It Matters: India opts for existing legal frameworks to regulate AI, prioritizing innovation and sectoral impact for national growth.