Why in the News?
The Technology and Innovation Report, 2025 was recently issued by United Nations Conference on Trade and Development (UNCTAD).
About the Technology and Innovation Report
- The report is released by the UN Conference on Trade and Development (UNCTAD).
- It addresses critical issues related to science, technology, and innovation, with a particular focus on developing countries. The report emphasizes policy-relevant analysis and conclusions.
- The theme for the 2025 edition is “Inclusive Artificial Intelligence for Development.”
Key Highlights of the Report:
- Global Highlights:
- Developed countries lead in technology preparedness, but nations like China, India, and Brazil outperform their income levels.
- AI market projected to reach USD 4.8 trillion by 2033, fuelling global digital transformation.
- 100 companies, mostly in the U.S. and China, account for 40% of global corporate R&D spending.
- AI will affect 40% of jobs globally, raising concerns over automation and job displacement.
- U.S. leads in AI investment with USD 67 billion, followed by China (USD 7.8 billion) and India (USD 1.4 billion).
- AI Governance Gap: 118 countries, mainly from the Global South, are absent from global AI governance discussions.
- Indian Prospects:
- India ranks 36th in the Readiness for Frontier Technologies Index in 2024, up from 48th in 2022. It ranks 10th globally with USD 1.4 billion in AI investments.
- India has a talent pool of 13 million AI developers, contributing significantly to open-source platforms like GitHub.
- The India AI Mission (2024) focuses on AI innovation through collaborations with the private sector and academia.
- India leads in nanotechnology and has AI excellence centres like IIT Hyderabad and IIT Kharagpur.
| [UPSC 2019] The Global Competitiveness Report is published by the:
(a) International Monetary Fund (b) United Nations Conference on Trade and Development (c) World Economic Forum (d) World bank |
