Budget 2023: AI to National Data Governance Policy, FM Sitharaman drives digital agenda
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 today, laying out various proposals to give a boost to the Indian economy in the face of a massive slowdown that has hit the global economy. Underlying all the announcements were the digital initiatives which are expected to boost virtually all the proposals announced today in the Lok Sabha.
“The Union Budget 2023 listed multiple initiatives, such as the development of handicrafts, agriculture accelerator funds, push for public-private partnerships for sustainable crops/horticulture, and setting up of multipurpose dairy and fisheries. This will ensure inclusive development of the rural population, and in turn, will give a boost to the sector by enhancing consumption. For months, rural consumption was dampened and announcement initiatives will certainly give a nudge to reviving the sentiments," explained Naveen Malpani, Partner, Governance and Operations, Grant Thornton Bharat.
FM Sitharaman underlined the importance of her technology agenda that included the expansion of the digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
"Our vision for the Amrit Kaal includes technology-driven and knowledge-based economy with strong public finances, and a robust financial sector," Sitharaman said.
India already has a number of successes in the digital field that is powering the country's public infrastructure, including Aadhaar card, Co-Win, UPI and many more.
Looking ahead, FM Sitharaman highlighted the fact that the government was intent on stepping into the new-age areas of Artificial Intelligence and also take advantage of the opportunities opened up by
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