India Plans Long-Term AI Strategy in Upcoming Union Budget Amidst Global Competition
The Indian government is set to prioritize artificial intelligence (AI) in its upcoming Union budget, collaborating with various ministries to outline policy and funding strategies aimed at fostering long-term growth in the sector. Finance Minister Nirmala Sitharaman is expected to unveil initiatives, including a ₹1 trillion Research, Development and Innovation Fund, to enhance productivity and competitiveness, with a vision of achieving a $7 trillion economy by 2030. The budget will also address investments in robotics, quantum computing, and ethical AI frameworks to strengthen India's capabilities and reduce reliance on foreign technologies.
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The Indian government is preparing to prioritize artificial intelligence (AI) in the upcoming Union budget, aiming to position the sector for long-term growth. The finance ministry is collaborating with several ministries, including electronics and IT, education, and defense, to establish policy direction and funding priorities for AI and related technologies.
On February 1, finance minister Nirmala Sitharaman is expected to announce a range of AI-related initiatives alongside budgetary allocations. The government aims to enhance productivity and competitiveness through higher AI adoption, projecting a $7 trillion economy by 2030.
Key elements include a ₹1 trillion Research, Development and Innovation Fund, and continued support for innovation ecosystems. The budget may also focus on robotics, quantum computing, and ethical AI frameworks. Targeted investments are crucial for bolstering India's capabilities in AI and deep tech to reduce dependence on foreign technologies and secure strategic advantages.
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