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In this episode of The Neon Show, we have Sharad Sharma, founder of iSPIRT, the technology think tank behind India Stack, Health Stack, and other digital public goods. We discuss: How India Stack transformed the digital infrastructure of India, inspiring other countries to adopt similar models. India Stack was built to prevent digital colonization, but without strategic autonomy, India risks becoming a trade colony of China and a tech colony of the US. UPI revolutionized payments in India, but Brazil’s PIX outpaced it globally due to better adaptability. DEPA enables secure data sharing, while MOSIP helps build independent digital identities, both ensuring open and inclusive digital infrastructure. With the ability to unlock non-public data at an unmatched scale, India holds a key advantage in building the right AI ecosystem. Healthcare AI presents a major opportunity where India can leverage its rich medical data. India’s AI regulation follows a techno-legal approach and the AI chain framework, with an initial focus on smart safeguards for children's AI use. A strong AI ecosystem depends on advanced research institutions, industrial labs, and the right talent. To sustain innovation, India must embrace a David vs. Goliath mindset and stay paranoid. If you want to understand where India’s digital space is headed, how AI can shape its future, and why strategic autonomy is critical, this episode is a must-watch! 0:00 – Introduction 03:12 – India’s aim to prevent digital colonization 05:00 – Democratising digital infrastructure 07:09 – UPI’s 2012 vision: intraday loan for Rajni 12:50 – The origin of ‘DPI’ & misconceptions in India 16:15 – How UPI lost to Brazil’s PIX 17:49 – Introduction to MOSIP & DEPA 20:33 – The world evaluates DPI with India’s 5 sutras 27:03 – The David vs. Goliath mindset 30:09 – Sam Altman doubted India’s AI, now wants in 33:25 – Facebook's double standards in India v/s U.S 36:46 – Regulatory Innovations: Cable TV, mutual funds & OTAs 40:19 – Did GST replace 4 tax filings with 36? 44:05 – Does India have a regulatory framework for digital? 53:02 – Breaking away from Visa & Mastercard 55:47 – The ‘Stay in India’ checklist 59:58 – Grading India on DPI globalization 01:00:57 – U.S. antitrust battles & how they shaped big tech 01:08:25 – Building India’s AI ecosystem 01:12:50 – Picking India’s battles in AI 01:15:00 – Can India build its own AI assistants? 01:17:56 – Why India must update academia & build industrial labs 01:22:18 – Enabling Low-Cost Access to Non-Public Data 01:27:55 – UPI was age & color blind, DEPA won’t be 01:31:06 – How will India approach AI regulation? 01:39:05 – Creating ‘landing spots’ for Indian AI talent 01:41:53 – Five key actions for India’s AI success 01:45:01 – Hiring call for India’s AI & DPI visionaries 01:51:55 – Building Co’s for India’s strategic autonomy ------------- Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ------------- Check us out on: Website: https://neon.fund/ Instagram: / theneonshoww LinkedIn: / beneon Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: / siddharthaahluwalia Twitter: https://x.com/siddharthaa7 ------------- This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.