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ARTICLE · 15 JULY 2024

Market Intelligence Thought Leadership Award Winner

AI, Machine Learning & Big Data Laws And Regulations 2024

AZB & Partners
AZB & Partners
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AZB & Partners

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India has seen remarkable digital transformation in recent years, greatly impacting multiple sectors including healthcare, finance, e-commerce, education and the like.

IndiaIntellectual Property
Aprajita Rana
Aprajita Rana
Navdeep Baidwan
Navdeep Baidwan
Shubham Parkhi
Shubham Parkhi
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CHAPTER CONTENT

  1. Introduction
  2. Ownership and protection
  3. Antitrust and competition laws
  4. Board of Directors and governance

INTRODUCTION

India has seen remarkable digital transformation in recent years, greatly impacting multiple sectors including healthcare, finance, e-commerce, education and the like. This digitisation of the Indian economy has significantly augmented the demand for technologies such as Artificial Intelligence ("AI") and Machine Learning ("ML").

India's AI market size is projected to reach USD 5.47BN by the end of 2024 and USD 14.72BN by 2030.1 Acknowledging this potential of AL/ML in transforming the economy, the Indian Government has shown active interest in the development, adoption and promotion of AI and ML tools/technologies across multiple sectors, envisioning AI as a 'catalyst' and a 'kinetic enabler' for India's digital economy.2 Multiple policy interventions have been introduced to achieve this objective, some of

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