Post-budget 2018 Reaction Mr. Samay Kohli, Group CEO, GreyOrange

We are glad to see the government’s increased focus on Digital India. With the budgets for the initiative doubled this year, it is set to be one of the key drivers of India’s economic growth. The Union Budget for 2018-19 has laid a strong emphasis on emerging technologies, such as Robotics, Artificial Intelligence, Machine Learning, Big Data and IoT, which we believe, is an important step towards fostering innovation in the country. This would also help in creating jobs, improving the quality of education and healthcare.  

The announcement of a national program directed towards research and development of AI and Machine Learning, as well as efforts towards exploring Blockchain technology, are the testimony to the fact that India is taking significant steps to gain a rightful place on the global technology map.  

Along with the push on technology, the new provisions for financial support, in the form of credit, financing and tax relief for MSMEs, will further boost the growth of smaller businesses in the country and help spur the Indian economy at large. With the stage set, we look forward to a great year of growth for the robotics and automation sector. News Service

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