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Union Budget 2023: What’s in Store for AI?

The government is expected to set aside an R&D budget for tech startups and corporate research wings to develop scalable AI tools
Finance Minister Nirmala Sitharaman is all set to present the Union Budget for 2023 on February 1 in the Parliament. As Budget expectations for various sectors continue to roll in, we decided to take a look at the expectations for AI in the upcoming Budget. With India taking over the chair for Global Partnership on Artificial Intelligence (GPAI) to support responsible and human-centric development and use of AI, there is a growing need for the government to focus on the use of this technology. The AI sector has pinned a lot of hope on the Union Budget 2023 and is expecting a budget allocation in the form of incentives, tax benefits, and funding for research and development to promote the growth in the industry. Subsidising AI adoption In 2020, Prime Minister Narendra Modi said tha
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Picture of Pritam Bordoloi
Pritam Bordoloi
I have a keen interest in creative writing and artificial intelligence. As a journalist, I deep dive into the world of technology and analyse how it’s restructuring business models and reshaping society.
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