Agriculture, healthcare, manufacturing, and infrastructure will be the focus, and measures to simplify the tax system can be expected.
Who hasn’t heard of ChatGPT which has taken the world by storm?
From writing articles to acing exams to solving complicated arithmetic problems, the uncanny new artificial intelligence (AI) enabled chatbot has been spoken about on every platform.
For the uninitiated, ChatGPT is a powerful new AI chatbot from OpenAI that generates text using Natural Language Processing (NLP). Ahead of the Union Budget 2023, we asked ChatGPT what its expectations of the budget are:
Here’s what ChatGPT said about its expectations for Budget 2023:
Increase in healthcare spending: The Indian government is expected to increase its spending on healthcare to combat the COVID-19 pandemic and to improve the overall health infrastructure in the country.
Boosting the manufacturing sector: The government is expected to announce measures to boost the manufacturing sector, which has been hit hard by the pandemic, by providing financial incentives to manufacturers and increasing exports.
Focus on agriculture and rural development: The government is expected to announce measures to boost the agricultural sector and rural development, such as increasing the minimum support price for crops, providing subsidies to farmers, and investing in rural infrastructure.
Emphasis on infrastructure development: The government is expected to announce measures to improve infrastructure, including the development of roads, airports, and ports, as well as the expansion of the railway network.
Simplifying the tax system: The government is expected to announce measures to simplify the tax system, such as reducing the corporate tax rate, and simplifying the GST (Goods and Service Tax)
At the end of its expectations, ChatGPT said,“ it is important to note that these are only speculations and expectations and the actual budget presented by the government may or may not include these measures.”