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.

Calling data as the new oil, Finance Minister Nirmala Sitharaman during her Budget speech announced the launch of a new policy to set up data centre parks for enabling digitisation of all public institutions in the country. While announcing the allocation of Rs 6,000 crore to the BharatNet programme, Sitharaman also said that advanced technology such as Artificial Intelligence, Machine learning, cloud computing, drones are disrupting the existent business models and rewriting the world economic order. "Data now is clearly the new oil. I propose a policy to set up data centre farms throughout the country. The idea is to skilfully incorporate data in every step of the value chain," she said.