To bring the Indian Economy on the right track and to achieve the Modi Government's target of USD 5 Trillion Economy, the Union Budget 2020 is expected to be a major focus on three themes Aspirational India, Caring society and Indian Economic Development by taking into consideration the Indian Technology sector and Artificial intelligence initiatives and Startups. On February 1, the Finance Minister Nirmala Sitharaman presented the Union Budget 2020 in the Parliament having the several major announcements.

The Indian technology industry is facing its biggest-ever HR challenge with the need to recruit and skill more than 2 million professionals, as growing demand for'exponential tech professionals' puts extreme pressure on it to remain globally competitive, according to a report. The increasing competition has not left organisations with much of an alternative. They have to either embrace the challenge or perish, according to the report titled'AI & Future Of Work: Redefining Future Of Enterprise' by BML Munjal University. Employability with technology continues to be a problem despite India having a large number of higher academic institutions, it added. "There is an expected supply of 7 million people for the Indian technology industry that consists of graduates, PGs (postgraduates), diploma holders and PhDs (but) overall employability is 18 per cent only," the report said.