India's Union Budget 2025 is placing a significant emphasis on technology, aiming to bolster education, support startups, and improve the lives of gig workers. Finance Minister Nirmala Sitharaman unveiled a series of initiatives designed to drive innovation and growth across the technology sector. Let's dive into the key announcements and what they mean for the future of tech in India.
Broadband for Schools and Local Manufacturing
One of the most impactful announcements is the expansion of broadband connectivity for government schools. This initiative aims to bridge the digital divide and provide students with access to online learning resources. Improved connectivity will empower educators and students alike, fostering a more dynamic and engaging learning environment. The budget also includes measures to boost local manufacturing of electronic components, aiming to reduce reliance on imports and create jobs within the country.
“These measures are crucial for building a self-reliant and technologically advanced India,” stated Finance Minister Sitharaman during her budget speech. The focus on domestic manufacturing aligns with the government's "Make in India" campaign and aims to strengthen the country's position in the global technology landscape.
Support for Gig Workers and Digital Payments
Recognizing the growing importance of the gig economy, the Union Budget 2025 also includes provisions for the welfare of gig workers. Nearly 1 crore gig workers will receive insurance coverage, providing them with a safety net in times of need. This is a significant step towards ensuring social security for this often-overlooked segment of the workforce.
Furthermore, the budget introduces a new Rs. 30,000 credit card linked to the NPCI's UPI (Unified Payments Interface). This initiative aims to promote digital payments and financial inclusion, making it easier for small businesses and individuals to access credit and manage their finances. The PM Swanidhi scheme will also see an increase in loan limits, providing further support to street vendors and small entrepreneurs.
AI and Startup Ecosystem Gets a Boost
The Union Budget 2025 also focuses on fostering innovation and supporting the startup ecosystem. A Rs 500-crore Centre of Excellence in AI (Artificial Intelligence) for education will be established, aiming to promote research and development in this critical field. 
This center will play a vital role in training the next generation of AI experts and driving innovation across various sectors.
In addition, a deep tech 'Fund of Funds' will be created to support startups working on cutting-edge technologies. This fund will provide much-needed capital to early-stage companies, helping them to scale their operations and bring their innovations to market. The budget also includes a national framework for Global Capability Centres (GCCs), aimed at promoting their establishment in Tier-2 cities. This framework will guide states in enhancing talent, infrastructure, and regulatory reforms to attract GCCs, creating new job opportunities and driving economic growth in these cities.
Overall, the Union Budget 2025 sends a clear message that technology is a top priority for the Indian government. These initiatives, ranging from broadband expansion to AI development and startup support, are poised to transform the country's technology landscape and drive economic growth for years to come.
These measures are expected to create a robust ecosystem for technology innovation and adoption, ensuring that India remains at the forefront of the global technology revolution.