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Budget 2024 for Artificial Intelligence Sector
What are the top expectations for the Artificial Intelligence Sector in the upcoming Interim Budget 2024-2025? Click on to financialexpress.com and get a comprehensive idea on our dedicated page Who Gets What. Navigate through a handy ready reckoner, meticulously crafted to provide a glance at previous Budgets declarations for the sector.
Budget 2024 Announcements for Artificial Intelligence Sector
Artificial Intelligence Sector
- FM Niramala Sitharaman did not specify anything related to the Artifical Intelligence industry during the Interim Budget 2024 speech.
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Budget Announcements for Artificial Intelligence Sector in FY2024
Artificial Intelligence Sector
- The budget announced three centres of excellence for Artificial Intelligence to be set-up in top educational institutions
- 100 labs in engineering institutions for developing applications using 5G services were also notified
Budget Announcements for Artificial Intelligence Sector in FY2023
Artificial Intelligence Sector
- Notified promotion of extensive use of AI and drone tech to modernize processes in education, banking, transport, and infrastructure.
- Announced implementation of 'Drone Shakti' project to support startups in creating diverse drone applications.
Budget Announcements for Artificial Intelligence Sector in FY2022
Artificial Intelligence Sector
- It was announced in Union Budget 2021-22 that the National Language Translation Mission will use artificial intelligence, machine learning, and speech recognition technologies to build the next generation government apps and websites that will be “conversational” like Amazon's Alexa or Apple’s Siri.
- Union Budget 2021-22 proposed to use data analytics, artificial intelligence, machine learning to make regulatory filings more frictionless for businesses and startups in a revamp of the ministry of corporate affairs (MCA) portal.
Budget Announcements for Artificial Intelligence Sector in FY2021
Artificial Intelligence Sector
- While the importance was recognised of analytics, IoT (Internet of Things). Machine Learning (ML), Artificial Intelligence (AI) besides other technologies, the Union Budget 2020 stated that the proliferation of these technologies is at the backdrop of the budget.
- A policy was also announced to set up data centre parks throughout the country.
Budget Announcements for Artificial Intelligence Sector in FY2020
Artificial Intelligence Sector
- The Finance Minister announced that a National Artificial Intelligence Portal will be developed as a part of the National Programme on 'Artificial Intelligence
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