Finance Minister Nirmala Sitharaman presented the last full-fledged Union Budget of the Modi government before the 2024 Lok Sabha elections on 1 February 2023.
Here's the reaction of Manish Godha, Founder & CEO, Advaiya Solutions
“The budget has a lot of right ideas, which make this quite opportune for sustained growth of the economy. With global headwinds, it is heartening that the focus is on modernizing the economy, and while the long-term investments have not been ignored. Thrust on digital, AI, and formalization of commerce would bear fruit as new business models and entrepreneurship would evolve and take benefits from the same--fueling overall growth. From the perspective of tech and consulting, we believe it will unlock many opportunities to transform Indian businesses and the governance transformation would only propel this further. With slowing down global markets, this should allow the Indian IT industry to pivot in a significant manner, with capabilities, innovation, and IP becoming drivers of growth rather than cost arbitrage."
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