Top AI Stocks in India

  

The world is changing at an unprecedented rate and most of these changes can be attributed to the rapid technological progress being made by humans. Progress in the fields of Artificial Intelligence and Machine Learning has been crucial for making our lives more convenient and better. To keep up with this technological progress, the Indian government has increased its investment in Digital India to boost Artificial Intelligence, big data, IoT, machine learning, robotics, and cybersecurity. This has made it lucrative for investors and analysts to look toward the top AI stocks in India for investments.



Artificial Intelligence is a system that is capable of performing tasks much faster and with greater accuracy without human intervention. These AI systems are smarter than the average human and can make decisions on their behalf, eliminating human error and saving time and money. The use of these systems in businesses can increase their efficiency and lead to higher profitability.

While AI might sound like a futuristic concept, we are already living in a world where AI is being used widely for various functions. Some examples of AI applications in our day-to-day life are Siri, Google Assistants, Alexa, conversational bots, self-driving cars, email spam filters, Robo-advisors, OTT platform recommendations, drones, Metaverse equipment, etc. Furthermore, AI is also being used in healthcare systems, education, financial services, entertainment, etc.

Currently, Japan is the biggest robot manufacturer in the world with a robot export ratio that rose to 78% in 2020, with the USA being the biggest importer. The US government has committed nearly 6 Billion Dollars to Artificial Intelligence research and development projects in 2021. European countries are all set to increase their spending on artificial intelligence by 33% between 2020 and 2023.

The Indian Government aims to employ AI and robotics technology for biometric identification, traffic and crowd management, criminal investigations, digital agriculture, strengthening defense, women’s safety, etc. The aim is to make e-education, e-health, and e-banking more accessible to all citizens of the country.

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