In the era of the likes of ChatGPT, a special focus in the Budget 2023 to the growth of artificial intelligence (AI) can be seen as a foregone conclusion.
In the Budget, Union Finance Minister Nirmala Sitharaman revealed the government’s commitment to artificial intelligence (AI) and other technological advancements besides its special focus on women empowerment.
In the pursuit of keeping pace with the changing times, the government has announced to set up three centres of excellence for artificial intelligence.
“For realizing the vision of Make AI in India and Make AI work for India, three centres of excellence for artificial intelligence will be set up in top educational institutions,” she said.
The Budget has also allocated funds for training in artificial intelligence (AI) and related fields under the Pradhan Mantri Kaushal Vikas Yojana.
“Pradhan Mantri Kaushal Vikas Yojana 4.0.... will also cover new age courses for Industry 4.0 like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills,” she added.
For this, 30 Skill India International Centres will also be set up across states. Also, the government plans to unleash innovation and research by start-ups and academia, for which a National Data Governance Policy will be introduced.
Sumeet Srivastava, CEO & Co-Founder, Spocto, says, “There is ample support shown to positively impact the development of ‘make AI in India’ and ‘make AI work for India’. In the data space, the government's initiative of bringing in the ‘National Data Governance Policy’ is quite progressive in nature, one that can start defining the charter for data privacy and data governance across the globe.”
"The government’s vision of a technology-driven and knowledge-based economy will play an instrumental role in creating a conducive environment for startups across the spectrum," says Dilip Modi, Founder, Spice Money.
