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Budget 2023: After ‘Make in India’, government launches ‘Make AI in India, for India’

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Union Budget 2023-24: After ‘Make in India’, government launches ‘Make AI in India, for India’

Finance Minister Nirmala Sitharaman said the aim is to establish a strong AI ecosystem in India and to train skilled AI professionals

FP Staff Last Updated:February 01, 2023 12:34:51 IST Union Budget 2023-24: After ‘Make in India’, government launches ‘Make AI in India, for India’

Indian Finance Minister Nirmala Sitharaman. PTI.

New Delhi: India’s Finance Minister Nirmala Sitharaman on Wednesday in her Budget 2023 speech said that the Indian government plans to set up three ‘Centres of Excellence for Artificial Intelligence (AI)’ in top educational institutions for realising the vision of Make AI in India and Make AI work for India.

Presenting the Budget for the fiscal year 2023-24 in Lok Sabha, Sitharaman further said that leading industry players will partner in conducting inter-disciplinary research, develop cutting-edge applications and scalable problem solutions in the areas of agriculture, health and sustainable cities.

The aim is to establish a strong AI ecosystem in India and to train skilled AI professionals.

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The budget session of the Parliament began on Tuesday with President’s address. This year’s budget session is going to have 27 sittings till 6 April with a month-long recess to examine the budget papers.

The first part of the session will conclude on 13 February. Parliament will reconvene on 12 March for the second part of the Budget Session and conclude on 6 April.

On Tuesday, Sitharaman tabled the Economic Survey for the Financial Year 2022-23.

The Economic Survey said that India’s economic recovery from the COVID-19 pandemic is complete and the economy is expected to grow in the range of 6 per cent to 6.8 per cent in the coming financial year 2023-24. This is in comparison to 7 per cent this fiscal and 8.7 per cent in 2021-22.

Like the previous two Union Budgets, Union Budget 2023-24 was delivered in paperless form.

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