Minister of Finance Nirmala Sitharaman presented the Union 2022 budget and the boost on digital technology proved to be as long as his speech.
This is what some Bigwigs said from the digital ecosystem on the Agarwal Ritesh, the CEO of the Founder & Group, Oyothe analysis, which was presented by Minister of Finance Nirmala Sitharaman, was progressive and oriented to growth.
I see it in three words – innovation, inclusiveness and infrastructure.
This will help in India’s progress towards the economic aspiration of $ 5 trillion.
Focus on start-up, which has emerged as a driver of our economic growth, proved.
The extension of the merging period for eligible start-ups will certainly provide encouragement to this segment.
Hospitality services by small & medium sectors have not yet risen again, and the Minister of Finance’s decision to extend ECG services for this sector until March 2023 expanded the cover of ₹ 50,000 CR was a welcome step.
The budget also provides a large focus on infrastructure and logistics which is the construction of welcome and ensures that the economy continues to witness not only revival but also shows strong growth in the long term.
Steps such as the issuance of e-passports will strengthen the trip abroad and expansion of a highway network of 25000 km and 8 ropeway contracts under PM Gati Shakti to develop seven machines will also benefit domestic travel.
Varun Sridhar, CEO, Paytm Moneycelered Investments to the core sector which has a large multiplier effect on GDP, coupled with a focus on the creation of employment, skills development and facilitating financial inclusion digitally enabled to summarize the Union budget.
Stability in the tax regime is also commendable because it makes investment predictable.
The government has also opened the door for the digital currency and its different uses that make a historic budget for the financial services sector.
“Manish Chourasia, Managing Director, Tata Cleantech Capital Limited” Announcement of the Minister of Finance to issue sovereign green bonds to mobilize resources to mobilize resources for green infrastructure will certainly help increase financing of clean energy projects, thus providing a boost for the Indian energy sector .
With a list of approved modules to be valid from April 2022, the additional allocation of INR 19,500 Crore under the PLI scheme for diesel fuel will help make a very necessary manufacturing ecosystem.
The enhanced focus on electrical mobility shows a clear desire to mainstream this emerging industry.
Overall, the budget provided clear direction for India to fulfill COP26 commitment in 2030.
“Sanjay Gupta, Vice President and Indian Managing Director, NXP Semiconductor Budget Union 2022 has recognized the country’s digital growth as the main focus.
To promote cleaning mobility, exchange policy Batteries and interoperability standards subject to the government, combine the concept of energy / batteries as a service.
It will also help in developing a very important ecosystem of the Filling Station for events .
Plan to launch e-passport with embedded futuristic chips and technology, digital rupees use blockchain by RBI, Drone Shakti and Kanyaan drones and the opening of R & D defenses for industry, startup and academics is expected to speed up growth and development Ngan.
Semiconductor industry in this country.