Sitharaman calls AI a ‘double-edged sword’, urges soft-touch regulation and faster digital rupee push

Finance Minister Nirmala Sitharaman highlighted artificial intelligence as a double-edged sword for financial systems. She advocated for a soft-touch regulatory framework for emerging technologies and innovation. The minister urged the Reserve Bank of India to accelerate its digital rupee pilots and capabilities. Sitharaman also dismissed pessimism regarding India's demographic dividend, emphasizing youth-led growth.