Budget 2019-20: Major Updates on IoT and Other Emerging Technologies

Finance Minister Piyush Goyal is presenting the budget in the Parliament. Let’s see what it has to promote the Digital India mission and technologies in India

India is witnessing a massive growth in the new and emerging technologies, especially in the Internet of Things (IoT) space. The rapidly growing market size, digital infrastructure and integration of technologies such as IoT, artificial Intelligence (AI), machine learning (ML), blockchain, and big data are likely to contribute to the economy and offer huge opportunities for employment. The adoption of technologies gained momentum when the government launched the Digital India initiative in 2015 and the Smart Cities Mission in the next year. In order to propel India to become a US$ 1 trillion digital economy by 2022, the government announced new National Digital Communications Policy (NDCP) 2018. The policy has also set a target of reaching around 5 billion IoT connections by 2022 in the country. However, there is much needs to be done to achieve this ambitious target. There is high expectation from the interim Union Budget 2019-20 to this effect.

Finance Minister Piyush Goyal is presenting the budget in the Parliament today at 11am. Let’s take a look on what is all there to promote the Digital India mission and technologies in India:

India has become the second largest hub of startups. National Artificial Intelligence Portal will be developed soon to accelerate nine identified areas for AI, says Goyal.

Among other achievements, he said mobile data consumption has increased by five times in last five years and common service centers are imparting digital skills.

The government is also targeting to build one lakh digital villages in India in the next five years.

The government has set a vision for the next 10 years to make India a $10 trillion economy. Making India digital will play the most important role in achieving the vision, Goyal says.

Vision 2030: To build next gen infrastructure – both physical and social; Digital India reaching every citizen; Expanding rural industrialisation using modern technology.

 

 

 

 

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