According to the IMF Artificial Intelligence Preparedness Index 2024, what is Indias ranking among 174 economies globally for AI readiness?a)31b)72c)92d)113Correct answer is option 'B'. Can you explain this answer?

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According to the IMF Artificial Intelligence Preparedness Index 2024, what is India's ranking among 174 economies globally for AI readiness?

a)
31
b)
72
c)
92
d)
113

Correct answer is option 'B'. Can you explain this answer?

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According to the IMF Artificial Intelligence Preparedness Index 2024, ...

India ranks 72nd in the IMF's Artificial Intelligence Preparedness Index 2024, which evaluates 174 economies worldwide based on their readiness for artificial intelligence adoption and development. The index highlights Singapore, Denmark, and the United States as top performers in advanced economies (AEs), while India is categorized as an emerging market (EM) with a readiness score of 0.49.

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According to the IMF Artificial Intelligence Preparedness Index 2024, ...

IMF Artificial Intelligence Preparedness Index 2024
Indias ranking among 174 economies globally for AI readiness is 72 according to the IMF Artificial Intelligence Preparedness Index 2024. This index assesses countries' preparedness for the adoption and integration of artificial intelligence technologies in their economies.

Factors contributing to India's ranking
- India's ranking is influenced by various factors such as investment in AI research and development, availability of skilled AI professionals, government policies supporting AI adoption, infrastructure for AI implementation, and the overall innovation ecosystem in the country.
- The index also considers factors like data availability, regulatory environment, and public sector AI implementation in determining a country's AI readiness.

Challenges for India
- Despite its ranking, India faces challenges in areas such as data privacy and security, ethical AI use, and digital infrastructure development, which could impact its ability to fully leverage the benefits of artificial intelligence.
- The country also needs to focus on enhancing its education and training programs to build a strong talent pool of AI professionals and researchers.

Opportunities for improvement
- To improve its ranking and enhance AI readiness, India could focus on increasing investments in AI research and development, fostering collaboration between academia and industry, and implementing policies that promote responsible AI adoption.
- Strengthening digital infrastructure, enhancing data governance frameworks, and promoting innovation and entrepreneurship in the AI sector are key areas where India can make progress to boost its AI readiness.
In conclusion, India's ranking of 72 in the IMF Artificial Intelligence Preparedness Index 2024 reflects its current level of readiness for AI adoption, while also highlighting areas for improvement to fully harness the potential of artificial intelligence in driving economic growth and innovation.

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According to the IMF Artificial Intelligence Preparedness Index 2024, what is Indias ranking among 174 economies globally for AI readiness?a)31b)72c)92d)113Correct answer is option 'B'. Can you explain this answer?

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