For India, AI promises major gains across healthcare, education, agriculture, public administration and business productivity, helping diagnose disease, support learning, assist farmers and empower small firms. But risks such as deepfakes, misinformation and biased automated decisions are already present. India’s ₹10,372 crore AI Mission funds GPUs, AI Kosh, 58 Centers of Excellence, foundation models, an AI Safety Institute and governance guidelines, yet regulation must keep pace.