'Double-edged sword': Sitharaman flags AI risks, urges efficiency without fragility

Finance Minister Nirmala Sitharaman addressed artificial intelligence risks at the Global Fintech Fest 2026. She highlighted technology's potential to influence public opinion and electoral outcomes. The Reserve Bank of India recognized the Unified Fintech Forum as a self-regulatory organization. Sitharaman emphasized balancing innovation with necessary risk mitigation measures. India's young population is driving innovation and economic growth, she stated.