Quote on Pre budget expectation by Varun Babbar, MD, India and SAARC Qlik
Below the Quote on Pre budget expectation by Varun Babbar, MD, India and SAARC Qlik
As we anticipate the new government under Prime Minister Modi, we expect strong backing for the 'Viksit Bharat' initiative—a vision introduced for accelerating the nation's development and promoting economic inclusivity. This transformation requires placing technology at its core. Prioritizing the adoption of digital technologies across critical sectors, especially governance, will encourage inclusivity and efficiency in delivering social and welfare schemes.
Increased investment in policies that simplify doing business and empower startups and emerging technologies, such as artificial intelligence (AI), is essential. As AI continues transforming sectors like healthcare, finance, manufacturing, and education, implementing proactive measures to ensure its responsible development is crucial.
That said, future AI guidelines should emphasize safety, ethical standards, and societal welfare while fostering innovation. Designing AI with a human-centered approach—emphasizing fairness, transparency, and accountability can address ethical concerns and mitigate risks associated with AI misuse, like deepfake technology and job displacement.
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