Budget 2025-26 Assistant: Simplifying the Indian Union Budget with AI
Raja Vikramaditya Lingam
Corporate Tax Consultant | Data Science | Enthusiast in Corporate Finance & Business Valuation
Understanding the Union Budget can sometimes be confusing, especially when it’s packed with complex data, policies, and financial details. To make this easier, I built the Budget 2025-26 Assistant, a smart application that uses AI to answer your questions about the Indian Union Budget 2025-26 that was announced on 1 February 2025.
This app is powered by GPT-3.5-turbo and uses a technique called Retrieval-Augmented Generation (RAG). In simple terms, it combines two powerful capabilities:
How It Works
The budget document (PDF) was pre-processed and broken into smaller sections, which were then converted into embeddings (a numerical representation of text) using OpenAI’s text-embedding-ada-002 model. These embeddings allow the app to perform a semantic search, meaning it can understand the meaning of your query and find the most relevant sections of the document.
Once the relevant sections are identified, they are passed to GPT-3.5-turbo, which generates a detailed and context-aware response. This ensures that the answers are not only accurate but also easy to understand.
Key Features
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Examples of What You Can Ask
Why This App Matters
The Budget 2025-26 Assistant is designed for anyone who wants quick insights into the Union Budget.
By leveraging the power of AI, this tool makes the Union Budget more accessible and user-friendly. It’s a step forward in using technology to bridge the gap between complex financial documents and the people who need to understand them.
If you wouldd like to explore, modify, or play around with the code, it's available on GitHub: https://github.com/vikramlingam/2025budget
Note: The app has some limitations and may not work perfectly at times due to rate limits or other constraints. Also, the application is still work in progress.
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Author of 'Simplified Approaches to Corporate Accounting' and 'Simplified Approaches to Financial Accounting - 'Reinventing learning on Accounting'
1 个月The upcoming Union Budget 2025 is anticipated to showcase the government's commitment to fostering inclusive and sustainable development. By placing a strategic emphasis on sectors such as agriculture, infrastructure, healthcare, education, and green energy, the budget can lay the groundwork for building a resilient and prosperous economy. However, effectively addressing challenges like global economic uncertainties, inequality, and unemployment will be crucial in order to achieve these goals. With the implementation of the right policies, India has the potential to emerge as a formidable global economic force in the years to come.