Prabhakar Iyer, Executive Director and Chief Financial Officer, Ingram Micro India
FM has presented a splendid Growth oriented budget. The budget has the thrust on infrastructure development, digitization, skilling, and ease of doing business.
It is a forward-looking budget and will have an impact in the years to come. Infra spending will generate millions of jobs and propel the growth in the economy.
The government has embraced technology and digitization in all sectors of the economy viz. defense, agriculture, health, education. It is very interesting to note the way Government is adapting the digitization – by increasing faceless engagement with government and also between the private sector through government platforms, creation of unified logistics platform, Delivery of digital and Hi-tech services to farmers, use of Kisan drones to aid farmers, establishing Digital university, e labs, e skilling are a very modern and contemporary governance process.
The tax was always applicable to gains on virtual assets. The current budget gives more clarity on the same. It is a welcoming measure. The introduction of digital currency is one of the great steps in the right direction. It shows that we as a country are ready to embrace and adapt to the virtual currency dynamics and grow the economy in a modern way.
Digital money, Digital banking, and digital platform in dealing with the government are the key drivers of the government.
Overall, a very consistent and simple budget with 100% directional alignment to last year’s budget focuses on building trust. This shows the long-term focus of the government versus too many changes whilst keeping the option of announcing reforms throughout the year.
Ashok Kumar, MD, RAH Infotech on the Budget 2022
“This clearly is a futuristic and technology driven budget presented by the honorable Finance Minister. Almost every key project announced by her talks about leveraging information technology to the fullest in bringing out the best outcome. Giving data centers infrastructure status is a welcome move. It will help in getting easy financing for the datacenter players and attract more investments. Other areas like 5G spectrum auction in 2022, PLI in 5G,optic fiber network in all villages by 2025, e-passports and emphasis on digital content development and delivery, and digitalization of education are some great moves announced in this budget. Bringing in Digital currency using Blockchain is another huge step.”
Rajesh Goenka, Director, Sales & Marketing, RP tech India
“This is a very progressive budget focused on giving a boost to the infrastructural development and attracting global investments in form of FDIs. The government has been consistent in giving emphasis on the overall growth and development of industries rather offering sector-specific incentives. The budget will create employment opportunities across the industry verticals and accelerate the GDP growth. We hail the government for its strategic decisions and futuristic approach for the self-reliant India.”