At the onset of the Budget 2023 speech, Finance Minister Nirmala Sitharaman mentioned that India remains one of the world's fastest-growing economies, despite global headwinds. "In our 75th year of independence, the world has recognised the Indian economy as a bright star," she stated. The budget that followed contained several provisions that aim to capitalise on this buoyant state of affairs and unlock the tremendous potential of enterprises and talent in India.
One aspect that particularly came across in the budget announcements was the government's commitment to building a technology- and knowledge-focused economy, which will be a key driver in the country's growth story in the years ahead. Let us examine a few budget provisions that stood out, in terms of their overall implications for the economy in India, as well as for the technology and digital-focused sectors.
BETTING BIG ON ARTIFICIAL INTELLIGENCE
The budget laid a special emphasis on Al, in line with the government's vision to 'Make Al in India' and 'Make All Work in India. The Minister announced the setting up of three Centers of Excellence for Al in premier educational institutions. Al is going to be a critical technology for India's digital transformation journey in the years ahead, so this is a welcome move that is bound to stimulate further innovation and growth in this area.
Diese Geschichte stammt aus der February 2023-Ausgabe von Voice and Data.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 2023-Ausgabe von Voice and Data.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Businesses in a quandary as India battles mobile spam
TRAI's new SMS regulations target spam but could disrupt legitimate business communications, while OTT platforms like WhatsApp remain difficult to regulate
Coca-Cola cloud brings a golden harvest for Infosys
Infosys is set to significantly benefit from Coca-Cola and Microsoft's cloud alliance, highlighting India's pivotal role in enabling digital transformation worldwide
India's cosmic odyssey: Reaching for the Moon and beyond
India's space ambitions extend beyond Chandrayaan-3, with plans for lunar sample returns, a national space station, and cutting-edge launch vehicles
SMEs scale new heights with cloud
Cloud technology empowers Indian SMEs in BFSI with scalability, innovation, and security, enabling them to compete with larger firms and drive growth
Not a chip off the same block
eSIMs are reshaping connectivity with seamless switching, enhanced security, and loT integration while navigating challenges in adoption and regulation
Powering 'Tech Olympics' in Paris
How the Paris 2024 Olympics redefined global sports, blending Al, 5G, and digital twins to set new standards and pave the way for the future of sporting events
"5G has consistently influenced complementary technologies"
With over 34 years of experience in the IT services industry, Dinesh Rao currently serves as the Executive Vice President and Co-Head - Delivery at Infosys.
"AI applications and hybrid work models are drivers of SASE adoption"
With extensive experience in leading product management for Secure Access Service Edge (SASE), Software-Defined Wide Area Network (SDWAN), and Security Service Edge (SSE) solutions across various enterprises, Andrew Winney currently serves as the General Manager and Global Head of SASE Business at Tata Communications.
TELECOM'S GREEN SIGNAL FOR GROWTH
As technology leads India's sustainable transition, innovations like 5G and green energy are paving the way for inclusive growth and environmental stewardship
The BIG Leap
As Indian enterprises embrace 5G, they are driving innovation, unlocking new possibilities, and paving the way for the next industrial revolution