Moreover, she highlighted that India has become a global fintech leader, setting new benchmarks in innovation, inclusion, and scale. According to her, India’s digital initiatives such as UPI and Aadhaar prove that technology can bring transparency and growth. She stated, “The simple motive is to use it for public good and not weaponise it.”

However, the Finance Minister expressed concern that some nations use their technological strength to restrict trade and innovation. Such actions, she warned, hurt global progress and weaken trust among nations. Therefore, she urged for greater cooperation and shared responsibility in the use of technology.

At the same time, she noted that India is negotiating trade deals with the United States, which has recently raised tariffs on Indian goods and increased H1B visa fees. These measures, she added, affect thousands of skilled Indian workers.

Furthermore, Sitharaman stressed that technology should unite people through inclusion and fairness. She said responsible innovation can promote economic growth and reduce inequality. Her remarks reflected India’s vision for an open, transparent, and cooperative digital future.

In conclusion, she called on global leaders to build trust and ensure technology serves humanity. “Only through collaboration can innovation become a true force for public good,” Sitharaman said.

The post Nirmala Sitharaman Flags Weaponisation of Technology appeared first on India Podcast.

Choudhary said investments in AI across banking, insurance, and payments may reach $100 billion by 2027. Around 78% of financial organizations already use AI in some form, up from 55% in 2023. The industry, he noted, is preparing for how fast AI will reshape its future.

He explained that Generative AI and Agentic AI are leading this change. These technologies improve fraud detection, automate compliance, enhance trading accuracy, and elevate customer experience. They could raise global banking productivity by up to $340 billion each year.

Choudhary praised India’s progress in digital innovation through NPCI’s initiatives like UPI Lite, UPI 123Pay, and UPI for Her. He said these solutions expand financial access and support women entrepreneurs and rural users across the country.

The post AI Reshaping Financial Services, Says NPCI Chairman appeared first on India Podcast.

Prime Minister Narendra Modi and Keir Starmer will hold summit-level talks during the trip. This meeting comes just two months after Modi travelled to the U.K. to attend the signing of the U.K.-India free trade agreement. The pact is now moving through Britain’s ratification process and will likely take effect in 2026.

Trade will be a major focus. Both leaders want to expand market access and create more opportunities for businesses. They are also negotiating a bilateral investment treaty to increase investor confidence. Officials believe the treaty could attract long-term investment into manufacturing, services, and technology.

Technology cooperation will also feature prominently. India and the U.K. announced a Technology Security Initiative last year to strengthen collaboration in digital systems and cybersecurity. Starmer’s presence at the Global Fintech Fest highlights the importance of fintech, digital trade, and innovation in shaping future ties.

Energy and climate change are also on the agenda. Both governments see clean energy and green technology as new areas for growth. Experts say that cooperation in these fields can create jobs while supporting climate goals.

Starmer’s visit will add momentum to these initiatives. His talks with Modi are expected to showcase the strength of the U.K.-India partnership and underline the commitment of both sides to build a modern, future-ready relationship.

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