The document discusses responsible AI and the need for proper guidelines to ensure user trust and privacy as AI becomes more ubiquitous. It notes that while AI demonstrates potential for economic and social value, there are also risks that must be balanced. There is currently a lack of clear and consistent responsible AI benchmarks, standards, and compliance. However, awareness of ethics is growing as seen in the increasing number of frameworks and principles from different organizations. The document outlines India's national strategy for AI developed by NITI Aayog and NASSCOM's responsible AI toolkit which provides guidance and tools to help businesses leverage AI responsibly.