Union Budget 2023: Heavy Chips Placed on AI and IoT

During the Union Budget 2023, Finance Minister Nirmala Sitharaman elucidated the collective vision of the nation to achieve Amrit Kaal. One of the most exciting and emergent fields over which the government has bet heavily are AI and IoT. The groundwork for unleashing the full potential of the Make AI in India vision has been laid out with plans to open Centres of Excellence for Artificial Intelligence. Three such centres are expected to be established at top universities and a plethora of leading industrial players will coalesce in finding opposite solutions and innovations in agriculture, health and urban development.

Alongside these centres for excellence, the union cabinet identified the need to train our youth in these ground-breaking technologies. After all, you give a man a fish and he feeds himself for a day; teach a man to fish and he feeds himself for life. The seeds of investment into training which the centre plans to put will see our nation reaping the benefits in the long-run, with a highly skilled workforce that will pass on expertise even more innovatively, and moreover make India a global superpower.

Countries like Japan have already amalgamated much of their business doings with AI and IoT, and their record macroeconomic factors are living proof of that. The present generation is the epoch for big data, and with the vast quantum of data at our behest through various sources, the nation that will mine in AI/IoT will reap its reward in gold!