The Education technology industry supports digital projects and emphasizes the use of AI in education

According to The Economic Times's article from February 2023, the Education Technology industry applauded the budget announcements on digital projects with an emphasis on artificial intelligence in the education sector, terming it a step towards the "digital revolution".

A national digital library for children and adolescents, 100 laboratories at engineering universities for building apps employing 5G services, and three high-performance centers for artificial intelligence within top educational institutions around the globe are being developed.

The inventor of Zamt, Aarul Malviya, stated that the government's deep interest in bringing a digital revolution to the education sector and pushing the use of artificial intelligence in it is reflected in the Union Budget 2023–24.

"We are pleased that the government's new budget supports India's e-learning industry. The National Digital Library for Children and Adolescents' announcement will undoubtedly benefit the ed-tech industry.

In the school sector, it will "establish a digital environment, boost digital education, and primarily assist the pupils who are falling behind due to the epidemic," he claimed.

By announcing the opening of three centers of excellence for AI to help "Create AI for India" and "Make AI work for India," the budget further underscored the significance of artificial intelligence in the field of education, according to Malviya.

The action, he continued, will greatly promote ed-tech start-ups and businesses.

The budget has underlined the need to invest in the nation's human capital, according to Amod Dani, co-founder and COO India of Keybridge Global Education, to reach the lofty goal of becoming a USD 5 trillion economy.

"With our vision for EdTech 2.0, we want to play a significant part in accelerating India's economic engine by creating a respectable workforce. We are excited to see how our goal of fusing education and employability with a focus on the creation of industry-relevant courses is aligned.

The 2023 budget and our vision for EdTech 2.0 work together to foster a culture of lifelong learning and upskill India's workforce in the long run. We welcome the 2023 budget as a promising starting point for the development of India's exceptional human resource, he added.

The budget's statements, according to Siya Seth, founder and CMD of Skoodos, will strengthen the digital economy, which is excellent news for the EdTech industry.

The establishment of District Institutes of Education and Training and the National Digital Library would advance the start-up culture in India.

"India's demographic dividend, which will reach its apex in 2041, has fewer than 20 years left for us to take use of it. This can only be accomplished by boosting enrollments, raising success rates, and offering more online upskilling opportunities, the expert claimed.

The introduction of the national digital library, according to PhysicsWallah co-founder Prateek Maheshwari, is evidence of the government's dedication to modernizing and growing the economy.

The skill development project "recognizes artificial intelligence's relevance as a critical instrument for future growth and success" as it "becomes increasingly interwoven into our lives," he added.

The budget, according to Globus Infocom Ltd. CEO Kiran Dham, aims to address the major issues that are present in the field of education. It suggests hiring and training teachers, enhancing the digital infrastructure, promoting both offline and online modes of learning, and—most importantly—working to close the nation's digital divide.

AI-enabled technologies will open the path to providing greatness going forward. The Indian educational system would transform as a result of an efficient and compelling platform enabling both online and offline study, the expert said.