Industry Leaders Speak about the Artificial Intelligence Boost in Budget 2019 Startups and businesses are excited about the inclusion of Artificial Intelligence in Budget 2019

By Madhurima Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


"In order to take the benefits of Artificial Intelligence (AI) and related technologies to the people, a national program on AI has been envisaged by our government. This will be catalyzed by the establishment of the national centre on AI as a hub along with centres of excellence," were the words of the Indian Finance Minister Piyush Goyal, announcing the Indian government's inclination towards AI. The announcement has got the AI practitioners and startups real hopeful about its road ahead.

Apart from AI, India has had been rooting for, Blockchain, Machine learning (ML), Internet of Things (IoT) and Big Data for its Budget 2019. The year 2018 witnessed the Indian government taking several initiatives towards the promotion of Blockchain. Although AI has been implemented by several startups, the government took the back seat in the promotion of the technology when compared to economies like the US and China, until today.

The promotion of AI in particular, has excited startups and businesses who are already handling the technology and also the ones who are looking forward to work in the particular technology.

Talking with a few industry experts, who are already handling the technology, Entrepreneur India has been able to know what the industry leaders are looking forward to after the Budget 2019.

AI to Create Opportunities for Building New Businesses

Yulu Bikes is a bike sharing company that uses AI in its businesses and Naveen Dalchuri, the co-founder and CTO of Yulu says how the company is employing the technology in its process, "We are primarily using AI and Machine Learning for our vehicle rebalancing. Our model learns from past data/usage and contextual data to improve the rebalancing accuracy and increase vehicle utilization. We are also using AI to reduce the noise from the IoT alarms and accurately identify the vehicles that have to address on highest priority."

The company's other co-founder and CEO, Amit Gupta states, "Data is the new oil in today's technology world. AI can not only make the existing processes better but also creates opportunities to build new businesses. After the digital revolution led by affordable mobile phones and data plans, India is producing very high-quality data about our digital and physical habits at scale." He also believes that as a country we need to make sure that this data is available to key stakeholders in the country; else there is a risk of India becoming a digital colony. This data becomes the input to several algorithms built using AI. The policy on AI has been under consideration, glad that it is finally here. Next decade is for India to grow, shine and become one of the top 3 economies of the world with the help of digital & physical infrastructure and our young demography.

A Walk towards a Bright Future

Sachin Dev Duggal, founder & CEO of is excited about the inclusion of AI in Budget 2019. He says, "It's excellent to hear the announcement from Finance Minister Piyush Goyal that India will create a National Centre for AI. Considering the global market for AI is expected at around $190 billion by 2025, this puts Indian companies and organizations at the forefront of capturing the AI market. Well done."

Before wrapping up his view, he opines that the overall technology sector made gains today, which offers India a bright future of the efficient solutions that technology could bring to the country, continent and world.

Wavy Line
Madhurima Roy

Senior Correspondent, Entrepreneur India

A journalist for more than 4 years, I have been covering businesses & start-ups, technology and business leaders. While writing is my only language, I also indulge in dancing, painting,.. and anything creative!

Related Topics


4 Lessons from the GOAT MS Dhoni

MS Dhoni is by far one of the most influential sportspersons and captains. He has been a role model for many in sports, professionalism, personality, leadership and more. His journey is nothing short of inspiring as he hailed from a middle-class family and worked his way to the top. There are several lessons to take away from his journey.


Surprise Attack: Ashneer Grover Returns To Television With Roadies

Ashneer Grover, the former managing director and co-founder of BharatPe, caused quite the stir among his fans over the weekend when the promo video of Roadies 19 was released.

News and Trends

Tan90 Raises INR 11.32 Crore In Pre-Series A Funding

The company said that it is planning to enter tier-2 cities in India to cash in on the growing demand for 'cold chain solutions' in the interior parts of the country

Starting a Business

How Dairy Farming Made Me a Better Tech Entrepreneur

Here's how working on a dairy farm contributed to my success as a technology entrepreneur.


How to Improve as a Leader by Optimizing Your Management Style

Effective management involves a clear and coherent strategy, empowering team members, recognizing and celebrating team achievements, involving the team in decisions and asking questions. By implementing these principles, a manager can create a culture of trust, innovation and productivity, ultimately leading to more substantial business success.