New Delhi, Feb. 19 -- India's artificial intelligence strategy supports innovation through a light and flexible regulatory approach. By avoiding both heavy regulation and a completely free-market model, the country aims to strike a balance as it hosts the India AI Impact Summit, according to Amlan Mohanty, a non-resident fellow at NITI Aayog and fellow at Carnegie India.

"The India AI Impact Summit is actually a very important moment for the Global South because we are bringing the idea of inclusive development to the global stage," he said. "The primary goal of this summit is thinking about how we can use AI for development, for socioeconomic growth."

Mohanty said the summit represents a significant moment for both India and the Global...