India, Nov. 6 -- The India AI Governance Guidelines report, drafted by a government-appointed committee, attempts to strike a balance between the potential and the pitfalls of Artificial Intelligence (AI). In the Indian context, this is singularly important - given that unprecedented opportunities exist alongside the possibilities of significant harm and unforeseen risks. AI, done right, can drive growth and inclusion, but, done wrong, deliberately or otherwise, can deepen divisions and exacerbate inequality.

Against this backdrop, the report advocates light-touch regulation to encourage innovation, while emphasising on final human oversight, to ensure that chances of harm are maximally mitigated. It calls for relying on existing legisla...