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

Current Context: The International Monetary Fund (IMF) recently published the Artificial Intelligence Preparedness Index (AIPI), which assesses 174 countries’ readiness for AI adoption.

• 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

Answer: B) 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.