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 that India currently faces according to an open letter written to Prime Minister Narendra Modi by global equity research and brokerage firm Bernstein.

The 12-page letter highlights policy gaps and suggests reforms that can help India compete better in global markets whilst sustaining its economic growth, especially in the post-AI world.

"In artificial intelligence, the risk is not visible today, but it is likely to be profound over time," the letter underlines. It recommends that any global tech company offering AI models shoul...