Kottayam, Feb. 24 -- Finance Minister Nirmala Sitharaman has highlighted the rapid pace of innovation in India and the country's leadership position in the adoption of artificial intelligence (AI).

In her address at the convocation ceremony of IIIT Kottayam, she pointed out Microsoft CEO Satya Nadella's comment that India is the 'use case capital of AI,' is a "very big statement" as it means that "we are not just talking about AI or doing research in AI. We are implementing it on a large scale."

Underscoring the awareness about AI in the country, she added that India recorded 3 billion AI-related app downloads in 2024 which was far ahead of the US' number of 1.5 billion and China's 1.3 billion. "We are not just leading in Artificial Int...