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India Stack Paves Way for AI Revolution, Boosts Financial Inclusion

A World Economic Forum report highlights India's digital public infrastructure, known as India Stack, as a foundational model for widening financial and digital inclusion. The integrated system, including Aadhaar and UPI, creates trusted digital rails upon which agentic AI can thrive. The report forecasts that AI agents could handle nearly half of routine enterprise tasks by 2029, with early adopters already seeing significant productivity gains. It cautions, however, that scaling AI successfully requires new architectures, ethical systems, and a focus on skills to manage the net creation of millions of new jobs.

Key Points: India Stack Drives Digital Inclusion & AI Future: WEF Report

  • India Stack widens financial inclusion
  • AI agents to handle 45% of tasks by 2029
  • Early AI adopters see 40-60% productivity gains
  • AI to create 170M new roles by 2030
2 min read

India Stack widening financial and digital inclusion: Report

WEF report lauds India Stack for widening financial inclusion and creating a foundation for agentic AI to thrive, forecasting major productivity gains.

"Equitable progress depends... on how we reimagine the systems, skills, and values that govern their use. - World Economic Forum"

New Delhi, Jan 16

India's digital public infrastructure and tech push laid the groundwork on which agentic AI can thrive on trusted data and integrated workflows, a report said on Friday.

The report from the World Economic Forum said the country's India Stack is creating digital rails that have widened financial and digital inclusion.

India Stack includes the Aadhaar digital identity, the Unified Payments Interface that processes over 18 billion transactions a month, DigiLocker, and the Account Aggregator framework.

"With a $4 trillion economy, a young, tech-savvy population, and policies that prioritize openness, India is positioned to shape the age through models that combine scale, sustainability, and equity," the report said.

The government is bolstering that foundation with investments in next‑generation computing and artificial intelligence, including the National Quantum Mission's aim to develop 1,000‑qubit quantum computers by 2031 and the expansion of AI compute capacity supported by 18,693 GPUs.

"Equitable progress depends not on the tools themselves, including how we deploy agentic AI, but on how we reimagine the systems, skills, and values that govern their use," the think tank said.

It lauded India's work in this area as India Stack, ambitiously reimagining technology "as a public good and deploys models that combine scale, sustainability, and equity."

The report also forecasted that AI agents could handle about 45 per cent of routine enterprise tasks by 2029, but cautioned that more than 80 per cent of generative AI pilots fail to deliver measurable earnings gains, and only one in three employees say approved AI tools meet their needs.

However, early adopters reported productivity gains of 40-60 per cent.

Scaling this demands new architecture and bold leadership as agentic AI fast becomes the backbone of enterprise operations, the report noted.

Analysts estimated that AI and related technologies will create 170 million new roles by 2030 while displacing 92 million jobs, and urged businesses to invest in skills, design ethical systems, and focus on inclusivity.

- IANS

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Reader Comments

R
Rohit P
The potential is huge, but the report's caution is valid. We need to ensure this tech push doesn't leave behind the less tech-savvy, like our parents' generation. Digital literacy programs must run parallel to these AI deployments.
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Aman W
Creating 170 million new roles is promising, but the displacement of 92 million jobs is a serious concern. We need a massive focus on reskilling, especially in traditional sectors. The government and private sector must collaborate on this urgently.
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Sarah B
As someone working in tech, the ambition for 1,000-qubit quantum computers by 2031 is staggering. If India can lead in quantum + AI on top of India Stack, it will redefine global tech leadership. The compute investment with GPUs is a crucial step.
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Karthik V
DigiLocker is a silent hero. No more running around for document attestations! The next step is to seamlessly integrate AI agents to auto-fill forms for subsidies, scholarships, etc., using this trusted data. That's real "ease of living."
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Nisha Z
While the report is positive, I have a respectful criticism. We must be cautious about data privacy and security as these systems scale. Aadhaar is powerful, but its misuse can have serious consequences. Strong governance is non-negotiable.
V
Var

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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