According to a UN report, India and China are the sole developing nations demonstrating substantial private AI investment in 2023, with India securing the 10th rank globally.

Out of 170 countries assessed in the report, India now ranks 36th in its readiness for frontier technologies, marking an advancement from its ranking in the preceding year.

The 2025 UNCTAD Technology and Innovation Report reveals India’s progress in ‘Readiness for Frontier Technologies, ‘ with its ranking improving from 48th in 2022 to 36th in 2024.

This composite index evaluates technology readiness based on ICT (Information and Communication Technology) deployment, skill levels, R&D activity, industrial capacity, and access to finance.

India demonstrates strong potential in research and development (3rd) and a solid industrial base (10th), but its technology readiness is hampered by lower rankings in ICT deployment (99th), skills development (113th), and access to finance (70th).

The report stated that increased schooling and high-skill employment boosted human capital in Bhutan, India, Morocco, Moldova, and Timor-Leste. It also recognised China, Germany, India, the UK, and the US for their scientific strength in AI. The US dominates private AI investment, attracting $67 billion in 2023, a massive 70% of the global amount.

The UN report highlighted China (2nd with $7.8B) and India (10th with $1.4B) as the only developing nations making significant strides in private AI investment. The report also projected the AI market to surge to $4.8 trillion by 2033, highlighting its pivotal role in digital transformation.

The report indicated that among developing countries, Brazil, China, India, and the Philippines are performing particularly well in terms of technology readiness.

Source: https://upstox.com/news/business-news/latest-updates/india-ranks-10th-with-1-4-billion-private-investment-in-ai-un-report/article-158103/