Union Budget 2023-2024: Post Budget Reactions from Tech Experts

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The Union Budget 2023-2024 of the PM Narendra Modi-led administration was presented on 1st Feb 2023 by our Hon’ble Finance Minister Nirmala Sitharaman. The minister stated in her speech that the government’s “goal for the Amrit Kaal involves a technology-driven and knowledge-based economy with strong public finances and a thriving financial sector.” Here are the views from experts from top technology companies:

“The 2023 budget recognizes the transformative power of technology and the importance of investing in the IT and software sector.   The allocation of resources toward developing innovative solutions and implementing new technologies will drive growth and competitiveness in the industry. Investments in research and development for cutting-edge software will help companies stay ahead of the curve.

Furthermore,  the budget also strongly emphasized cybersecurity, recognizing it as a critical issue in today’s digital landscape. Developing secure systems and networks will help protect sensitive information and stay ahead of evolving cyber threats. The 2023 budget presents a unique opportunity for the IT and software sector to thrive, positioning it for long-term success.”

-Mr. Mahesh Kulkarni, Co-Founder and MD, AFour Technologies, an ACL Digital Company

 

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