India has a unique opportunity to leverage its Digital Public Infrastructure (DPI), specifically the India Stack, to deploy Artificial Intelligence (AI) for broad-based development ("AI for Development"), particularly in crucial sectors like agriculture and healthcare. This paper summarizes India's key strengths (DPI, demographics, IT base, startup ecosystem) while acknowledging the critical challenges that must be addressed – the digital divide, the AI skills gap, infrastructure deficits, the need for robust data governance and ethical frameworks, securing adequate funding, and bridging the policy implementation gap. This paper concludes by emphasizing the potential for India to become a global leader and a model for the Global South in using AI responsibly and effectively to achieve inclusive growth and the ambitious goals of Viksit Bharat 2047.