Code for the Many

India wants artificial intelligence to serve development rather than deepen divides Prime Minister Narendra Modi during a meeting with his Bhutanese counterpart Tshering Tobgay in New Delhi. New Delhi: As the IndiaAI Impact Summit 2026 enters its third day, India appears to be pressing a case that cuts against the grain of much global AI discourse. The summit has been framed by the Sanskrit maxim sarvajan hitaya, sarvajan sukhaya (for the welfare and happiness of all) and seeks to move the...

min read

India wants artificial intelligence to serve development rather than deepen divides Prime Minister Narendra Modi during a meeting with his Bhutanese counterpart Tshering Tobgay in New Delhi. New Delhi: As the IndiaAI Impact Summit 2026 enters its third day, India appears to be pressing a case that cuts against the grain of much global AI discourse. The summit has been framed by the Sanskrit maxim sarvajan hitaya, sarvajan sukhaya (for the welfare and happiness of all) and seeks to move the debate beyond safety alarms and corporate rivalry towards a more pointed question: who, exactly, should benefit from artificial intelligence. Building on its advocacy in 2023 for fairer digital and financial access for the Global South, India is now positioning itself as a steward of a more democratic, human-centric AI that is meant to narrow, rather than entrench, global and domestic inequalities. That ambition builds on India’s posture at earlier global forums. In 2023, New Delhi argued that digital public infrastructure and concessional financing should be treated as global public goods, particularly for poorer nations. Three years on, the argument has sharpened. If AI is to shape growth, productivity and governance in the coming decades, India insists that its benefits must not mirror the inequalities of the industrial and digital revolutions before it. This sets India apart from the dominant poles of AI power. The United States and China have raced ahead with proprietary models and compute-heavy ecosystems. India, lacking the same scale of capital or chips, has instead emphasised deployment by asking how AI can be applied cheaply, widely and with human oversight. As Prime Minister Narendra Modi has often argued, AI is a double-edged tool: transformative when governed well, corrosive when left to markets alone. Stark Contrast The contrast with earlier summits is deliberate. Britain’s 2023 meeting at Bletchley Park fixated on catastrophic risks and frontier safety. South Korea’s Seoul summit in 2024 focused on scientific cooperation to mitigate harm. France’s Paris meeting in 2025 tried to tether AI to sustainability and public interest. India’s turn is broader and more political. The question it poses is not merely how to restrain AI, but how to distribute it. At the heart of the summit is an effort to make AI legible to ordinary citizens. Demonstrations are expected on its use in schools, hospitals, farms and welfare schemes, with particular emphasis on small towns and rural areas. The aim is to narrow what Indian officials increasingly describe as an “AI divide” between those who can exploit algorithms and those who remain invisible to them. The economic case is straightforward. AI-driven tools can raise productivity by automating routine work, improve hiring by reducing bias, and conserve energy through smarter consumption. In education, adaptive learning systems promise to personalise instruction in overcrowded classrooms. In agriculture, predictive models can guide farmers on soil health, pests and weather, lifting incomes while improving food security. In healthcare, AI-assisted diagnostics, from cancer detection in scans to remote patient monitoring, could compensate for India’s chronic shortage of doctors, especially outside cities. One of the summit’s most politically charged themes is road safety. India records between four and five lakh road accidents a year. According to figures cited in Parliament by Nitin Gadkari, 2024 alone saw 1.77 lakh fatalities, a third of them on national highways that make up just 2% of the road network. Officials argue that AI - through speed monitoring, pre-collision alerts and predictive traffic management - could dramatically cut deaths and emissions alike. Panels on data-driven transport policy will test how far such optimism can be translated into enforcement. Critics note that India still struggles with patchy data quality, weak local capacity and uneven internet access. Grand visions, they warn, risk dissolving into pilot projects. Yet that is precisely why New Delhi is pressing its case internationally. By pooling models, datasets and best practices, especially among countries of the Global South, it hopes to reduce costs and avoid dependence on a handful of foreign platforms. If successful, the IndiaAI Impact Summit will mark a shift in the global AI conversation. From fear to function; from concentration to diffusion. India is betting that the future of artificial intelligence will not be decided solely in data centres and boardrooms, but in classrooms, clinics, fields and highways. Whether the world follows is another matter. But New Delhi has made clear where it wants the argument to go.

India bears the brunt: Nifty crashes 1,100, Sensex nosedives 3,900 points after US trade shock

Correspondent
Apr 7, 2025
2 min read

India woke up to a financial jolt this morning as its equity markets suffered their steepest fall in nearly a year, shaken by the ripple effects of US President Donald Trump’s aggressive new tariff regime. The Sensex plunged over 3,900 points at opening bell, while the Nifty tumbled more than 1,100 points, dragging Indian stocks to a 10-month low.

This sharp decline follows a global equity rout triggered by Trump's protectionist measures, which have sent panic waves across Asia and raised the spectre of a global recession. Investors dumped shares in a massive sell-off, with Indian benchmarks reacting sharply in early trade. The Sensex dropped to 71,425.01 — down 3,939.68 points — while Nifty slipped to 21,743.65, marking a 3.5% slide from the last session.

Adding to the pressure, the Indian rupee depreciated 30 paise to open at 85.74 against the US dollar.

India Among the Hardest Hit

Trump’s latest tariff hike — framed as a push to restore fairness to global trade — has imposed country-specific duties that go as high as 50%. India has been slapped with a 26% tariff, while a 10% baseline duty applies to all nations. This has set alarm bells ringing among Indian exporters and traders already struggling with global demand volatility.

President Trump, unfazed by the financial carnage, likened the move to a bitter but necessary cure. “Sometimes you need the medicine to fix something,” he told reporters earlier today.

Analysts Urge Economic Safeguards

Market experts believe that India's current market turmoil isn't rooted in domestic issues but is rather a consequence of being tightly woven into global investment flows.

“India will face the heat, not due to domestic reasons, but as an interlinked chain in the global portfolio flows,” said Ajay Bagga, a noted market expert. “India will need a fiscal, monetary, and reform package to protect the domestic economy from this global economic winter that is threatening to settle in.”

Sunil Gurjar, SEBI-registered research analyst, warned that the Nifty50 index has breached its first support level and is approaching the next. "A further breakdown could worsen the trend and accelerate the fall," he cautioned.

Asian Markets Bleed

The tremors from Trump's announcement were first felt in Asia, with key markets suffering steep losses. China's stock markets fell over 4% amid retaliatory tariffs of 34% against the US. Hong Kong's Hang Seng nosedived more than 10%, while Japan’s Nikkei index fell 6.5% after plunging 8% earlier in the day. Taiwan saw a near-10% collapse, and Singapore dropped over 8%.

Wall Street Braces for Impact

US markets, though yet to open, appear set for a rough start. Futures contracts on the New York Stock Exchange are sharply down, suggesting heavy losses once trading resumes.

Market sentiment globally has turned bearish, with fears of a looming recession taking hold. Stephen Innes of SPI Asset Management described the scene as “free-fall mode,” noting, “Trump’s team isn’t blinking. The tariffs are being treated as a victory lap, not a bargaining chip.”