The word ‘digital’ mentioned 35 times, and ‘Tech’ 26 times, by Minister of Finance Nirmala Sitharaman in his budget speech.
“Promoting the Digital & Fintech economy, the development that supports technology” mentioned early in his speech among the three main objectives.
For Indian technology and technology industries, this can be a big opportunity.
Mitra Deloitte India P N Sudarshan said the digitization would be the backbone for new investment in education, health care, agriculture, banking, payment, and also to streamline government procurement & payment.
“Announcements for the inner / sunrise technology sector in terms of policy support, touch rules of light, funding support, etc., seem to be seminal,” he said.
KPMG and Head (Digital Consultation) Partners Akhilesh Teetja said the budget has moved the boost for changes in the foundation in changing the digital economy.
“E-passport is a new digital asset and drone-as-a-service will make new offerings utilize the new AI / ML model.” He said.
Mindtree Debashis Chatterjee CEO said this step to provide infrastructure status to the data center will be a game-changer for India, and initiatives such as digital rupees and e-passports based on futuristic technology will benefit the technology industry.
TCS CEO Rajesh Gopinathan said the initiative to introduce a digital rupee in the form of a central bank digital currency (CBDC) was a very futuristic decision.