Budget 2024-25: Here are key challenges in artificial intelligence infra | Economy & Policy News

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1 min read Last Updated : Jul 15 2024 | 12:08 AM IS

Key challenges

Lack of clear regulatory guidelines and data privacy & misuse

Budgetary support for AI deployment in pockets

Demand-supply gap for skilled AI professionals

Lack of public awareness

Industry ask

Invest in AI infrastructure such as high end hardware, software

Encourage public-private participation through transparent schemes to encourage AI adoption

Increased funding for AI research through a greater thrust on R&D, such as academic institutions, innovation centres, and a thriving startup ecosystem

Tax incentives for firms investing heavily in AI R&D

The government has already taken several steps to assist India’s AI journey. This budget is an ideal opportunity to launch India’s long-term aspirations with AI being an essential ingredient

Rajnil Malik, Partner and genAI GTM leader, PwC India

First Published: Jul 14 2024 | 11:39 PM IS

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