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The US-India Strategic Partnership Forum (USISPF) held its Annual India Leadership Summit 2024, focusing on India's growing role in global supply chains, artificial intelligence (AI), and infrastructure. Key discussions highlighted the rapid expansion of India's startup ecosystem and its significant share in the global IPO market, which now accounts for 17%. Leaders emphasized the importance of secure supply chains, with major companies like Apple and GE investing heavily in India.
The summit underscored the critical need for India to create over a million jobs monthly to avoid social uncertainty. AI was a central theme, with calls for a sovereign wealth fund to enhance collaboration between India and the US. The combination of American AI models and India's vast data resources was identified as a powerful driver for future growth across various sectors.
• India's IPO market now represents 17% of global IPOs.
• AI collaboration between India and the US is crucial for future growth.
AI is essential for startups to secure funding and drive innovation.
A proposed fund to enhance collaboration between India and the US in AI.
India's vast population provides a rich data framework for AI advancements.
Rubrik focuses on data management and security, emphasizing the importance of AI in leveraging data for growth.
ReNew advocates for collaboration on green energy, highlighting innovative financing in AI-related projects.
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