Union Minister for Electronics and Information Technology Ashwini Vaishnaw announced on that India will hold the upcoming AI Impact Summit in February 2026. The conference will emphasize the safety and effects of artificial intelligence and comes after the last edition co-chaired by Prime Minister Narendra Modi in Paris.

NITI Aayog organized a conclave to highlight exemplary AI application practices in various districts throughout India. The Minister pointed out that AI-powered projects have boosted educational results, reinforced agriculture, and improved healthcare services.

AI for Viksit Bharat: The Chance for Rapid Economic Advancement, NITI Aayog and the NITI Frontier Tech Hub detailed how AI can speed up India’s economic change. The roadmap projects that the adoption of AI in various sectors and research advancements could close nearly half of the growth gap, aiding India in rising from an expected GDP of $6.6 trillion to $8.3 trillion by 2035.

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NITI Aayog's CEO B.V.R. Subrahmanyam stated that AI could be a crucial factor for India to attain and maintain a growth rate exceeding 8 percent. The report highlights two primary growth catalysts: adoption of AI across the industry contributing 30–35 percent to growth acceleration, and R&D powered by AI adding an additional 20–30 percent.

Banking, financial services, and manufacturing are emphasized as vital industries poised to gain immediate advantages from AI incorporation. AI is projected to generate an extra $50–55 billion in value within financial services and $85–100 billion in manufacturing by 2035. Upcoming prospects involve AI-enhanced drug development, advanced automotive parts, and vehicle software assistance.

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Union Minister Ashwini Vaishnaw emphasized that AI, similar to the Internet, is poised to radically transform how individuals live, work, and purchase. He stressed India's eagerness to lead in emerging technologies, highlighting the government's emphasis on research, development, and a robust talent pipeline.

Referencing the semiconductor initiative, the Minister noted that 278 institutions nationwide are currently educating students using advanced semiconductor design technologies, with multiple chips produced at the Semiconductor Laboratory located in Mohali.

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Ashwini emphasizes that India’s emphasis on AI, semiconductors, telecom, biotech, and various other essential technologies will be vital for maintaining its status as a global technology leader in the coming decades.