Union Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament, introducing the new ‘GDP’ formula for the government’s vision of a ‘Viksit Bharat’ (Developed India): Governance, Development, and Performance. She highlighted the government’s effective management of the economy and significant improvement in the standard of living. The budget focuses on sustainable tech with support for EVs and bio manufacturing. It also prioritizes city connectivity through Metro Rail and Namo Bharat projects, while emphasizing public transport and defence tech. The budget includes a Rs 1 lakh crore corpus and interest-free loan for tech-savvy youth, fostering research and innovation. There is an emphasis on creating a conducive environment for the semiconductor industry and positioning India as a global semiconductor hub. The budget aims for inclusive growth across sectors, including agriculture, finance, health, and diverse communities, promoting ‘Atma Nirbhar India’ and local manufacturing. It also supports the Start-up community and women entrepreneurs. However, there is a desire for more scalable changes in tax regimes.
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Budget 2024: Here’s what senior tech executives think about it
Union Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament, introducing the new ‘GDP’ formula for the government’s vision of a ‘Viksit Bharat’ (Developed India): Governance, Development, and Performance. She highlighted the government’s effective management of the economy and significant improvement in the standard of living. The budget focuses on sustainable tech with support for EVs and bio manufacturing. It also prioritizes city connectivity through Metro Rail and Namo Bharat projects, while emphasizing public transport and defence tech. The budget includes a Rs 1 lakh crore corpus and interest-free loan for tech-savvy youth, fostering research and innovation. There is an emphasis on creating a conducive environment for the semiconductor industry and positioning India as a global semiconductor hub. The budget aims for inclusive growth across sectors, including agriculture, finance, health, and diverse communities, promoting ‘Atma Nirbhar India’ and local manufacturing. It also supports the Start-up community and women entrepreneurs. However, there is a desire for more scalable changes in tax regimes.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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