IndiaAI program will be one of the largest publicly assembled datasets in the world, Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar said at the Moneycontrol India FinTech Conclave in Mumbai on March 7, 2023.
Addressing the conclave, the Minister spoke about the growth of the Fintech ecosystem in India and its role in India’s Techade. According to him, “AI program along with Fintech ecosystem will catalyse the next generation of the Fintech and Internet.”
Terming the Unified Payments Interface as a crucial component of the Fintech ecosystem and to India’s digital economy growth story, the minister added, “India today has amongst the highest fintech adoption rates in the world at 87 per cent as opposed to the world average of 67 per cent.”
The Fintech ecosystem was a shining example of India’s entrepreneurship, India’s confidence and Young Indians’ message to the world that we are here to compete and win, Chandrasekhar emphasized.
Enumerating the government’s initiatives in providing an enabling framework, for the tech industry, with reference to IndiaAI program, he concluded, “Working with the fintech ecosystem will certainly catapult and catalyse the next generation of fintech and other parts of the Internet.”