At the onset of the Budget 2023 speech, Finance Minister Nirmala Sitharaman mentioned that India remains one of the world's fastest-growing economies, despite global headwinds. "In our 75th year of independence, the world has recognised the Indian economy as a bright star," she stated. The budget that followed contained several provisions that aim to capitalise on this buoyant state of affairs and unlock the tremendous potential of enterprises and talent in India.
One aspect that particularly came across in the budget announcements was the government's commitment to building a technology- and knowledge-focused economy, which will be a key driver in the country's growth story in the years ahead. Let us examine a few budget provisions that stood out, in terms of their overall implications for the economy in India, as well as for the technology and digital-focused sectors.
BETTING BIG ON ARTIFICIAL INTELLIGENCE
The budget laid a special emphasis on Al, in line with the government's vision to 'Make Al in India' and 'Make All Work in India. The Minister announced the setting up of three Centers of Excellence for Al in premier educational institutions. Al is going to be a critical technology for India's digital transformation journey in the years ahead, so this is a welcome move that is bound to stimulate further innovation and growth in this area.
This story is from the February 2023 edition of Voice and Data.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2023 edition of Voice and Data.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Navigating Social Media Risks With AI
Amidst the complexities of social media, harness the power of Al to protect privacy, enhance mental health, and combat misinformation effectively
V&D leadership forum explores the future of a connected world
The TLF was attended by 250+ technology and business decision-makers and policymakers across the communication and broadcasting sector
Data, chips, and India's AI mission
The Rs-10,372-crore initiative seeks to position the country as a global Al powerhouse, enhancing its capacity for research and innovation
Where jellyfishes work better than whales
Edge Distributed Computing is revolutionising Supercomputing, offering agility, cost-effectiveness, and real-time decision-making
The unexpected shift
Disillusioned from the Cloud, more organisations are now looking at cost-effective, secure prefab containerised Edge Data Centres for business agility
The Silicon game: Reaping 5G gold
In-built hardware can be a big amplifier for 5G adoption, reshaping connectivity paradigms and fuelling innovations in telecom, IoT, and beyond
New video streaming to shake up the data market
D2M technology paves the way for data-free video streaming, offering broader content access while potentially unsettling the telecom sector
Pathbreakers of the Year (2023)
The vision, determination, and groundbreaking initiatives of three discerning telecom industry leaders have been pivotal in laying the foundation for the seamless deployment of the world's largest 5G networks within record time.
Lifetime Achievement (2023)
Aluminary in India's telecommunications landscape, Mukesh D Ambani stands as a beacon of transformative leadership.
Telecom Person of the Year (2023)
A bureaucrat par excellence, K Rajaraman's visionary leadership has been instrumental in driving domestic telecom equipment manufacturing and streamlining decision-making processes within the DoT.
