Post Budget Reaction- Data & Technology Sector
The Budget presented by FM Nirmala Sitharaman builds on the excellent Budget last year, continuing the trend towards more productive expenditure. Like the rest of India, we welcome Budget 2023 with open arms. The Union budget has correctly highlighted the imperative for greater emphasis on innovation, research, and development, which are crucial to helping India reach the aspirational goal of becoming a $5 trillion economy. Focusing on the amplification of emerging technologies can help create a world-class technology ecosystem.
Budget 2023 provided wings to India’s Growth story by focusing on investment, increased expenditure, employment, and ease of doing business.& rebate in income tax limit to 7 lahks in the new tax regime.
The Budget is consistent with our PM Narendra Modi’s vision of making India Atmanirbhar: a digital superpower, a sustainability leader, and a healthy nation. This statement of intent is clearly supported by a plan for the future and backed by allocations — specifically in the areas of infrastructure, digital transition, planet resilience, education, and health — to support Indian ambitions.- Mr. Ashwani Rawat, Co-Founder & Director Transerve Technologies.