India, Oct. 25 -- India will need to strengthen its domestic technology capabilities, research ecosystem and skilled workforce to turn investments in artificial intelligence (AI), semiconductors and other emerging technologies into economic gains, according to a report by KPMG in India.

The report, Agrasar Bharat: Turning India's Aspirations into Action, identifies technology as a key driver of productivity, industrial competitiveness and public service delivery as India works towards its ambition of becoming a developed economy by 2047.

It says the country's next phase of growth will depend on its ability to move beyond adopting new technologies to developing the infrastructure, talent and enterprises needed to create and scale them. ...