In Budget 2018, the Indian Finance Minister Arun Jaitley has emphasized on the role of emerging technologies like Artificial Intelligence, Blockchain, IoT, Digital Manufacturing and Quantum Computing and a substantial amount has been allocated under the Digital India fund to augment the country’s push toward digital economy. Avaya has applauded the government’s move saying that a clear roadmap to build on new technologies like Artificial Intelligence, blockchain, Internet of Things, digital manufacturing and quantum computing is a positive sign. “From a technology perspective, a clear roadmap to build on new technologies like Artificial Intelligence, blockchain, Internet of Things, digital manufacturing and quantum computing is a positive sign,” said Vishal Agrawal, Managing Director, India & SAARC, Avaya. Here’s is his views on India’s Budget 2018.
The focus on healthcare, agriculture, education and improving connectivity in the rural sectors shows the government’s focus on building a strong economy and simultaneously readying the country for a progressive future. The budget also laid due importance on the importance of skilling and employment. Recognising the MSME sector as both a key employer and an important growth driver for the economy, the setting up of online loan sanctioning is a welcome move.
Avaya applauds India’s Budget 2018
From a technology perspective, a clear roadmap to build on new technologies like Artificial Intelligence, blockchain, Internet of Things, digital manufacturing and quantum computing is a positive sign. The proposed national program to direct efforts in research, training and skilling around Artificial Intelligence by NITI Ayog is a clear sign of fuelling an innovation mind-set in the country. Blockchain is another significant area highlighted in the budget and the government is keen on using these technologies to propel a transparent and corrupt free economy. The government’s focus on further building Digital India by allocating Rs. 3073 crore showcases the emphasis on building a global digital economy.
