Budget 2023: An opportunity for the tech sector

The Government of India (“GoI”) announced the Union Budget for the financial year 2023-24. The Finance Minister emphasised on a technology-driven and knowledge-based economy. The GoI seems committed to enhance the integration of technology in the various walks of economy. The Budget proposes to strengthen the use of technology in the financial and agri-tech sectors, to develop market intelligence and improve services. Overall, the budget 2023 gives an opportunity to the IT/ ITES companies, tech start-ups and young professionals to invest and explore new avenues.

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