India's Tech Sector Anticipates Supportive Measures in Budget 2024
6 Sources
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Budget 2024: Salesforce India CEO expecting recognition of IT sector's role in creating well paying jobs - Times of India
Finance minister Nirmala Sitharam will present the Union Budget 2024 on Tuesday (July 23). The budget holds significant importance as this will be the first full budget of the newly-elected government and sets the tone for the next five years. Expectations, especially from the tech industry
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Budget 2024: From tech innovation to infra development, key expectations from the government
Industry leaders expect policies to drive innovation, job creation, and economic development. The budget aims to pave the way for sustainable growth and inclusive development.As the unveiling of the Union Budget 2024 approaches, anticipation is building across various sectors in India. Each year,
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Budget 2024: 'Emphasis on R&D needed to boost India's tech development ecosystem' - Times of India
Finance Minister Nirmala Sitharaman is set present the union budget 2024-25 in the parliament on July 23. Ahead of the budget 2024, tech company executives have voiced their expectations, seeking a boost in India's technology development ecosystem. According to Manoj Nair, head of global delivery
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Budget 2024: Nasscom outlines key expectations - Times of India
The National Association of Software and Services Companies (Nasscom) today outlined its key expectations from the upcoming Union Budget 2024. India's $200 billion technology industry is seeking a conducive environment to foster innovation, growth, and job creation. Nasscom has emphasized the need
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Budget 2024: Industry leaders express optimistic outlook for economic growth - Times of India
With the Union Budget 2024-25 just around the corner, industry leaders from various sectors have expressed their expectations for policies that will drive growth and innovation. The upcoming budget is anticipated to focus on enhancing diverse sectors including manufacturing, agriculture, finance,
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Budget 2024: Semiconductor industry expects more collaboration to help India emerge as a key player - Times of India
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 in the Parliament on July 23. Ahead of the announcement, the semiconductor industry shared its expectations for the upcoming budget. Hitesh Garg, Vice President and India Country Manager at NXP Semiconductors expressed his
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As India prepares for its 2024 budget, the technology sector expresses high expectations. Industry leaders and associations call for measures to boost innovation, create jobs, and strengthen the country's digital infrastructure.
Tech Industry's High Hopes for Budget 2024
As India gears up for its 2024 budget announcement, the technology sector is brimming with expectations. Industry leaders and associations are calling for measures that could potentially reshape the country's digital landscape and bolster its position as a global tech hub.
Emphasis on R&D and Innovation
A key focus for the upcoming budget is the need for increased emphasis on research and development (R&D). Industry experts argue that boosting R&D investments is crucial for enhancing India's tech development ecosystem
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. This sentiment is echoed by many who believe that fostering innovation is essential for India to maintain its competitive edge in the global tech arena.Job Creation and Skill Development
Arundhati Bhattacharya, CEO of Salesforce India, highlights the IT sector's significant role in creating well-paying jobs. She emphasizes the need for the budget to recognize this contribution and provide supportive measures
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. The industry is hopeful for initiatives that will further boost employment opportunities and skill development in the tech sector.Infrastructure Development
Infrastructure development is another critical area of focus. The tech industry is looking forward to measures that will strengthen India's digital infrastructure, including improved connectivity and data center capabilities
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. Such improvements are seen as essential for supporting the growth of emerging technologies and digital services.Related Stories
NASSCOM's Expectations
NASSCOM, the premier trade body of the Indian IT industry, has outlined several key expectations for the budget. These include measures to accelerate technology adoption, boost IT exports, and support the growth of deep tech startups
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. The association's recommendations reflect the industry's broader aspirations for a more supportive policy environment.Optimistic Outlook for Economic Growth
Despite global economic uncertainties, industry leaders express an optimistic outlook for India's economic growth. They anticipate that the budget will introduce measures to stimulate various sectors, including technology, and drive overall economic progress
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.As the countdown to Budget 2024 continues, the tech industry remains hopeful that their expectations will be met, paving the way for accelerated growth and innovation in India's digital economy.
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