India's Challenges in Retaining AI Talent
India faces a significant challenge in retaining its brightest minds, particularly in the field of artificial intelligence (AI). Despite efforts and commitments to advance AI priorities, the country struggles to become a global hub for AI talent.
Current Scenario
- India is a major exporter of top-tier AI researchers but has not emerged as a preferred destination for high-level AI talent.
- According to the Stanford University’s AI Index Report 2024:
- AI talent concentration in India increased by 263% between 2016 and 2023.
- Despite this, India ranks only 13th globally in AI talent concentration.
- Net AI talent migration figures have been declining in India, along with countries like Israel and South Korea.
- In 2019, India contributed 12% of the top 2% AI talent globally, which decreased to 7% by 2022.
Challenges
- Indian institutions do not feature among the top 25 for top-tier AI research.
- High migration levels are driven by:
- Better funding and infrastructure abroad.
- Improved collaboration opportunities and mentorship by renowned AI experts overseas.
- India's share in global AI patents is low, at 0.23% in 2022.
- Government funding for AI research remains insufficient.
- Domestic AI industry focuses more on services than on innovation and cutting-edge research.
Government Initiatives and Future Prospects
- Efforts are underway to develop a foundational Large Language Model (LLM).
- The government has launched initiatives such as the National AI Mission and AI-focused startup incubators.
- There are currently over 240 generative AI startups in India.
- Improving tech infrastructure, research funding, and industry collaboration is crucial to retain talent.
- Increasing opportunities is essential for retaining AI talent and gaining an advantage in the technological field.
Conclusion
For India to maintain and harness its AI potential, it must focus on enhancing research funding, developing cutting-edge technology, and retaining its AI talent by providing better opportunities and infrastructure.