Post-budget 2018 Reaction Mr. Suman Reddy, MD, Pegasystems India

Managing-Director-Pegasystems-India-Suman-ReddyThe 2018 budget brings us one step closer towards the realisation of Digital India with allocated budgets for R&D, training and skilling in AI, machine learning, Robotics, and Data sciences. We welcome the government’s focus on e-governance through blockchain, digital manufacturing, IoT, quantum computing, big data and the monumental focus on digital transformation. The national program designed by Niti Aayog to boost R&D would ace India’s positioning as the centre of innovation. Broadband coverage for rural areas would certainly help reduce the digital divide. Such government initiatives would help democratize AI for citizens. Necessitating skilling of IT employees as they have been lately burdened with the pressure of feeling redundant, will go a long way in curbing job loss by creating and defining new roles for employees. Government’s proposal to invest INR 1 trillion to develop premium education infrastructure over the next four years is a welcome move towards ensuring quality education. Growth of fintech companies and recent policies of ease of doing business will boost entrepreneurship. India is at the cusp of digital transformation and establishment of centres of excellence will augment its positioning globally. News Service

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