We welcome the Union Budget’s focus on closing the technology skills gap in the face of disruptive technologies such as Artificial Intelligence (AI), Big Data, and Robotics. The economic and societal benefits that these technologies are poised to deliver means that it is imperative to reskill India’s IT workforce. This will ensure that tomorrow’s IT executives will be armed with the necessary knowledge to future-proof India’s digital future.
We are also pleased to note the Government’s initiatives in promoting digital payments. This is a recognition that digital payments sector is no longer considered niche and is crucial for the digital transformation of India. As India strives towards a digital and cashless economy, the Government should also continue to strengthen its cyber-security framework. A robust data protection system which is technology-neutral and based on international norms with principles of transparency, accountability will be the catalyst to fuel investment and innovation in new services.