New Delhi, April 23 -- "Does the next leg of our growth story create more engineers, product builders and innovators, or does it mostly create more drivers, delivery staff and domestic help?" This is the question India faces today, according to an open letter addressed to Prime Minister Narendra Modi by global equity research and brokerage firm Bernstein.

The 12-page letter highlights key policy gaps and suggests reforms that could help India compete more effectively in global markets while sustaining economic growth, particularly in a post-AI world.

"In artificial intelligence, the risk is not visible today, but it is likely to be profound over time," the letter notes. It recommends that global technology companies offering AI models s...