Post Budget Reaction by Mr. Sachin Dev Duggal, Founder & CEO, Engineer.ai

Being a global entrepreneur highly invested in the technology industry, with a zeal for AI, it’s excellent to hear the announcement from Finance Minister Piyush Goyal that India will create a National Centre for AI. Considering the global market for AI is expected at around $190 billion by 2025, this puts Indian companies and organizations at the forefront of capturing the AI market. Well done.

Alongside a 2% interest subvention for loans to MSMEs, these actions can boost entrepreneurial development across India, which can continue to enhance the Indian economy. The idea of a strong, stable, entrepreneurial Indian economy will help retain and expand global investment capital, as well as increasing global operations across the country.

Additionally, the idea of transforming 1 lakh digital villages can have numerous benefits. This includes creating and managing the IT infrastructure to make digital villages possible, and increasing education around technology, thus having the potential to expand the workforce (to operate said global operations).

Overall, the technology sector made gains today, which offers India a bright future of the efficient solutions that technology could bring to the country, continent and world.

@Technuter.com News Service