Budget 2024 is round the corner. Although, it’s going to be an interim election year budget, the budget has raised lot of expectations in various industry corridors and the IT industry is no exception. The union budget, which is all set to be announced on 1st Feb 2024, is anxiously awaited by the captains of the IT Industry. For the benefit of our readers, we are presenting some of the important voices, reflecting the hopes and expectations of the industry from the upcoming budget.
“We are hopeful that the interim budget makes provisions for investments in data infrastructure, skill development, and data accessibility.”
Rajesh Sinha, Founder and Chairman, Fulcrum Digital
Here is what Rajesh Sinha, Founder and Chairman, Fulcrum Digital, expects from the upcoming budget:
” In light of India’s rapid strides in the field of Generative Artificial Intelligence throughout 2023, the upcoming interim Union Budget could hold the key to unlocking the full potential of this transformative technology for enterprises across the nation.
The government’s focus on initiatives such as ‘Make AI for India’ and ‘Make AI Work for India’ align with the rapidly advancing AI landscape and the vision for India to lead this global AI transformation. Addressing challenges such as the shortage of AI talent, creating public-private partnerships, and fostering innovation in advancing fields like insurtech, food tech, education, and cybersecurity is a pivotal step in this direction.
We are hopeful that the interim budget makes provisions for investments in data infrastructure, skill development, and data accessibility. This will ensure that India not only catches up with global AI leaders but emerges as a front-runner in responsible AI adoption. The government’s vision and its successful implementation in the form of this Union Budget is set to fuel the trajectory of yet another year of rapid digital advancement for the country,” he adds.
