Union Budget 2023: In recent years, technology has played a crucial role in India's economic growth. As digitalization and the concept of Digital India is on a rapid rise, it has had a significant and lasting impact. The Union Budget 2023 will be live tomorrow and as always, the technology sector is expected to get some attention. While we are in as much darkness as you when it comes to knowing what lies in store ahead of Budget 2023, industry leaders have certain expectations from Budget 2023 for the technology sector.
1. “The 2023 budget will be crucial for the IT industry as many headwinds globally impact one of India's largest employers. In the past decade, Indian IT startups have preferred to have their corporate headquarters in the US or Singapore due to those countries' favourable tax and compliance environments. If this year's budget addresses this by providing more lenient and flexible compliance to startups, it will attract more investments and ensure that homegrown IT startups remain in India.” says Vinod Nair, Global VP of Sales and General Manager Noventiq India.
2. “Focusing on this year's significant stories is essential as we cautiously enter 2023. The widespread vaccination effort, which immunised over 100 crore people, was a significant victory for the Indian government. We anxiously await the government's announcement of funds for the initiatives we want it to prioritise this year. Spending more money on vaccinations is one of the goals, especially across the board in the healthcare system. India must have the right tools since the fight against COVID-19 is far from over.” says Jesal Doshi, Deputy CEO, B Medical Systems.
3. “India's economy is rapidly advancing and will play a significant role in boosting
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