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Home Opinion

Post Budget quote by Mr. Suman Reddy Managing Director, Pega India

by Money Mania
February 2, 2022
in Opinion
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Hyderabad, February 02, 2022: “The Union Budget for 2022 laid the foundation for a growth-supportive plan as the nation commences its exit from a pandemic-induced slump. India’s growth is highest among all major economies, and we are in a strong position to withstand challenges. With a keen focus on health, education and startups, we are truly on our way to encouraging further digital adoption, particularly in semi-urban and rural markets.

I am delighted with the focus of Budget 2022 on digital and technology. It is a forward-looking blueprint of India’s resilience, capabilities, and determination. The Indian tech startup space continues to witness steady growth, accounting for 70 unicorns with most of them in the IT/knowledge-based sectors. The provisions outlined in this year’s Budget will provide them a game-changing economic transformation opportunity. Additionally, the framework outlined for citizens to skill, reskill or upskill through online training will open up a sophisticated pipeline of jobs and entrepreneurial opportunities. The introduction of central bank digital currency will boost the digital economy and will hugely benefit the Fintech ecosystem. With setting up of 75 digital banking units India is set to become a robust digital economy in the next two years.

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