IT industry lauds Interim Budget boost to AI use

“The highlight of the Budget was the announcement of a National Centre for Artificial Intelligence and the AI portal. This will play a key role for India to accelerate AI development and adoption,” IT industry apex body Nasscom said in a statement.

The National Association of Software and Services Companies (Nasscom) said it was keen to partner with the government on the AI initiatives. Presenting the Interim Budget, Union Finance Minister Piyush Goyal said the government would set up a National Centre for Artificial Intelligence as a hub along with centres of excellence for AI and other disruptive technologies.

“In order to take the benefits of AI and related technologies to the people, a national programme on AI has been envisaged by the government,” Goyal said. The Interim Budget’s plan to convert a lakh villages into “Digital Villages” over the next five years gives an “impetus to technology integration and penetration” in the country, Nasscom said.

“While the Finance Minister focused on education, jobs, and start-ups, the industry’s key ask towards abolition of Angel Tax and various Goods and Services Tax (GST) clarifications did not a find mention,” the IT industrybody lamented.