India ranks 10th with $1.4 billion private investment in AI: UN report

India and China are the only developing countries in the world with significant private investments in AI in 2023, according to a UN report. India ranks tenth. The 2025 Technology and Innovation Report, issued by UN Trade and Development (UNCTAD), also states that India ranked 36th in 2024 on the ‘Readiness for Frontier Technologies’ index, improving its position from 48th in 2022. India ranks 36th out of 170 nations on a global index measuring a country’s readiness for frontier technologies, improving its ranking from last year, according to the report.
The index combines indicators for ICT deployment, skills, research and development (R&D) activity, industrial capacity, and access to finance.India ranks 99th for ICT, 113th for skills, 3rd for R&D, 10th for industrial capacity, and 70th for finance. Bhutan, India, Morocco, the Republic of Moldova, and Timor-Leste improved their positions in human capital due to more years of schooling and a greater share of high-skill employment in their working populations, the report said.
The report also notes that China, Germany, India, the United Kingdom, and the United States show scientific strength in the field of Artificial Intelligence (AI). The US leads the world in terms of private investment in AI, at USD 67 billion in 2023, or 70 per cent of global AI private investment.
The only developing countries with significant investments were China in second position, with USD 7.8 billion, and India in tenth position, with USD 1.4 billion, according to the report.The report noted that AI is expected to reach USD 4.8 trillion in market value by 2033, becoming a prominent force in digital transformation.The report further noted that Brazil, China, India, and the Philippines are developing countries outperforming in technology readiness.
Developing countries need to prepare themselves for a world that is rapidly being reshaped by AI and other frontier technologies. A useful measure in assessing national preparedness to use, adopt, and adapt frontier technologies is the UNCTAD Frontier Technologies Readiness Index. "Developed countries lead the ranking, but some developing countries, notably Singapore, China, and India, hold prominent positions." The report stated that with regard to the top 10 economies in terms of cloud infrastructure services from major providers, China and the United States have more services than the rest of the world combined; India and Brazil are two developing countries on the list, along with Singapore.