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IMF Released AI Preparedness Index: India Ranked 72nd; Singapore Tops

Published on July 04, 2024
Current Context: The International Monetary Fund (IMF) recently published the Artificial Intelligence Preparedness Index (AIPI), which assesses 174 countries’ readiness for AI adoption.
IMF Released AI Preparedness Index: India Ranked 72nd; Singapore Tops
  • Here are the key findings:
    • India secured the 72nd rank out of 174 countries, with a rating of 0.49.
    • This index evaluates countries based on several factors, including digital infrastructure, human capital, labor policies, innovation, integration, and regulation.
    • Singapore leads the pack with a high rating of 0.80, followed by Denmark (0.78) and the United States (0.77).
    • These countries are better equipped for AI adoption due to their robust infrastructure and policies.
    • China ranks 31st with a rating of 0.63.
    • While it fares better than India, it still has room for improvement.
    • The AIPI emphasizes the need for countries to balance AI’s potential benefits with managing associated risks.
    • Policymakers should focus on expanding social safety nets, investing in worker training, and prioritizing AI innovation and integration.

Question:

1 What is the rank of India in the AI Preparedness Index (AIPI) among 174 countries?

  • A) 31st
  • B) 72nd
  • C) 80th
  • D) 174th
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