Union Budget 2018 to bring more Digital focus
Finance minister Arun Jaitley’s 2018- Union Budget undoubtedly offers more opportunities for Information technology. The plan to double the allocation to Digital India initiative to Rs 3,073 Crore is an excellent booster to renovate the digital market. The industry executives have acclaimed the Budget proposal to enhance the technological advancements through digital initiatives which can also be the major driver for job creation, health care , rural progress and standardized education.
“Focus on digital technologies as the biggest driver in improving quality of education, healthcare and rural sector is praiseworthy. The plan on universal healthcare is ambitious and can be transformational,” Saurabh Srivastava, co-founder and director, Indian Angel Network, and co-founder of Nasscom has commented.
The Budget also puts focus on cyber technologies, and highlights on creating centres of excellence for emerging technologies, AI, machine learning, IoT and big data and block chaining. Finance Minister also announced plans to redevelop 600 railway stations which will have enhanced surveillance and security with CCTVs installations along with Wi-Fi hotspots. Interestingly, not only all the stations, but even the trains will have Wi-Fi connectivity. As per the plan, five lakh Wi-Fi hotspots will be installed across all stations.
Artificial intelligence (AI) for national development work is another new technology area, where the Finance Minister has announced a key initiative during his budget speech. As per the announcement a national level program will be set up to enable direct efforts and measures in the area of AI and leveraging AI technology and its applications for development works across the country.
These key announcements of Budget 2018, are likely to bring more business opportunities for the ICT sector.