Post Budget Quote: NLB Services – India’s Union Budget 2023 is Growth-Oriented
Sachin Alug, CEO, NLB Services
India’s Union Budget 2023 is growth-oriented with a key focus on areas like infrastructure, skill development, employment generation, manufacturing, and relief to taxpayers. The new policies reflect an upbeat attitude towards ease of doing business and scrapping of 39,000 compliances will help ensure enhanced international interest and investment.
The mission of Amrit kaal of developing a technology-driven and knowledge based economy will further strengthen India’s position globally. It is heartening to see the focus on 5G and Industry 4.0. It is indeed India’s budget for the dream of Digital India.
The focus on capital expenditure and ease in personal income tax makes it a budget for Indians and India Inc.
Skill development has turned out to be a key facet of this budget as it promises training and upskilling initiatives in the areas of coding, AI, robotics, mechatronics IoT, 3D printing drones and other soft skills. These steps will be an impetus to push the country’s youth toward emerging opportunities in 5G and Industry 4.0. 5G services will also be leveraged to develop applications across a hundred labs to explore new business and employment avenues.