Regulation of Risks Associated with Usage of Artificial Intelligence: A Comparison of the Regulatory Regime between India and the European Union

Artificial Intelligence (AI) has undeniably revolutionized myriad aspects of human life, spanning technology usage, industrial operations, education, data management, healthcare, and national governance. However, this revolution comes with its own set of challenges, particularly concerning the regulation of data dissemination, storage, and creation. The transformative impact of AI across various sectors has sparked concerns over these issues. While the EU has introduced the pioneering AI Act of 2021, India currently lacks AI-specific legislation. While the EU has proactively sought to address these challenges through comprehensive legislation, India's current regulatory measures, including the Information Technology Act, 2000, and the Personal Data Protection Act, 2023, fall short of directly addressing the multifaceted risks associated with AI. This research paper sets out to explore the regulatory frameworks governing the risks associated with artificial intelligence (AI) usage, focusing on a comparative analysis between India and the European Union (EU). It is time for India to integrate AI-specific provisions to effectively address the nuanced risks presented by AI. By adopting a more focused and stringent regulatory framework, both regions can ensure the ethical and safe deployment of AI, thereby safeguarding against the potential adverse impacts of this transformative technology.