IT industry body Nasscom has said that the Union Budget 2022 sets the tone for India's 'techade' and establishing the country as a global hub in terms of technology innovation. It said while there were certain areas that were left unaddressed like enabling clarifications to allow units in SEZs flexibility to adopt hybrid work model and taxing employees only when they sell the shares, overall this is a healthy budget with a focus towards the future.
The industry body said the government's sharp focus on technology-enabled development and aligned investments in key sectors like healthcare, fintech, education, infrastructure, R&D, start-ups, agriculture and manufacturing is a testament to India’s technology prowess and the capabilities of the Indian technology industry to provide a fillip to sectors across. It also said that the budget introduced measures ranging from taxation to investment to help boost the country's economic activities, digital governance, ease of doing business, ensuring job creation, and marking India’s transition to an inclusive digital economy.
It further said it is encouraged to see the government focusing on digital skilling to encourage continual skilling avenues, sustainability and employability through online training, programmes, and industry collaborations, as well as the establishment of skilling e-labs for simulated learning settings. These are positive moves toward making India a global talent powerhouse.
