This story belongs to the Fortune India Magazine March 2026 issue.
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“INDIA HAS DIVERSITY, demography, and democracy. Any AI model that succeeds in India can be deployed globally. Therefore, I invite all of you. Design and develop in India.” Prime Minister Narendra Modi’s words at India AI Impact Summit 2026 captured New Delhi’s intent: it doesn’t want to be merely an adopter; it wants to build, govern, and lead.
Top tech CEOs, including Alphabet’s Sundar Pichai, Anthropic’s Dario Amodei, and OpenAI’s Sam Altman, were in attendance at New Delhi’s Bharat Mandapam amid India’s calls for inclusivity and responsible AI development and deployment. India’s ambition was met with promises: AI-stack investments worth over $250 billion, alongside $20 billion in venture capital and deeptech funding.