Budget 2025 Expectations | Expecting significant investments in indigenous AI research, says Bharat Chadha

The AI tech sector has pinned high hopes on the Union Budget FY 2025-26 documents and is keeping its fingers crossed regarding their expectations from the government's most important financial document of the year.

Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.

Various experts from different sectors have put forth their expectations from the Budget for their industry.

Speaking on behalf of the AI tech sector, Bharat Chadha, Tech Consulting Partner at Uniqus Consultech, said, "The Union Budget 2025 is poised to accelerate India's position as a global AI leader. Expect significant investments in AI research, focusing on indigenous large language models and AI chip development. Comprehensive AI skilling initiatives targeting urban and tier-2/3 cities will prepare a future-ready workforce."

"Policies under "AI for Bharat" will likely prioritize healthcare, agriculture, and education, addressing India's unique challenges. The recently approved national AI mission, 'INDIAai,' aims to foster AI innovation and collaboration across academia, industry, and government," he said.

"With evolving regulatory frameworks ensuring ethical AI use, tax incentives for AI hardware manufacturing and funding for AI startups will bolster the "Make in India" vision, propelling economic growth through technology-driven solutions," he added.

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.