Davos/IBNS, Jan. 22 -- Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday strongly rejected International Monetary Fund (IMF) Managing Director Kristalina Georgieva's assessment that placed India in the "second grouping" of global Artificial Intelligence (AI) powers.

Speaking on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Vaishnaw asserted that India is advancing across the entire AI value chain.

Highlighting India's strength in AI-driven services, the minister said the country is poised to emerge as a global leader in application-based AI deployment.

"India will probably be the biggest supplier of services to the world on the application layer," he said, adding that New D...