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

Finance Minister Nirmala Sitharaman characterised artificial intelligence as a double-edged sword for financial systems, calling for a soft-touch regulatory approach to support emerging technologies and innovation.

Sitharaman urged the Reserve Bank of India to accelerate its digital rupee pilots and expand capabilities. She rejected concerns over India's demographic challenges, instead highlighting the potential for youth-driven growth to boost the economy.