Dr. K Anand Kumar, Managing Director, Indian Immunologicals Limited
The Union Budget is indeed growth focused with a sharp increase of over 35% in the allocation of CAPEX at INR 7.5 Lac crore. The indicated GDP growth 9.2%, being one of the highest among all economies, is also a sign of economic revival of the country. Announcement of 100 PM Gati Shakti cargo terminals for multimodal logistic facilities and expanding the national highways by additional 25,000 km will also provide the due impetus to the logistics and supply chain, thereby, helping the life-sciences industry ensuring medical products deliveries to the remotest of the places.
Mr Karun Tadepalli, CEO & Co-founder, byteXL:
"Creating a digital ecosystem that is accessible by everybody in the country is a welcome announcement by the Finance Minister. It is indicative of the fact that people are awakening to the idea that digital education has become indispensable. It’s not just about education, it’s more about keeping up the skillset in response to the market demand. I suppose such a common digital platform will bring one whole agglomerate of digital education on one platform and enable people to keep up their skilling, reskilling, and find relevant jobs or entrepreneurial opportunities through a trustworthy platform"
Jerold Chagas Pereira – Executive Director & CEO, mPowerO
The announcement of the formation of a Digital University indicates a bigger shift towards greater technology adoption in education. Further, the Finance Minister talked about the need to develop high quality digital or e-content in vernacular languages as well as expanding the e-Vidya initiatives to widen the access and reach of quality education. All of these announcements bode well for greater tech-adoption, which is the only way that scale can be achieved without compromise on quality.
Er. Koneru Satyanarayana , President, KL Deemed to be University
In the Union Budget, the inclination of the government towards digital education is a progressive step. Involving the new universities in offering courses in financial services and technology and AICTE in improving the urban planning courses will have long-term benefits for Indian education. Developing the employability of the youth through the Digital DESH e-portal for skilling, upskilling & reskilling and the National Skill Qualification Framework will augment the ongoing efforts of some of the universities like us. To promote the crucial critical thinking skills, setting up 750 virtual labs in science and mathematics, and 75 skilling e-labs for the simulated learning environment, will also boost innovation amongst the student community.
Ms Richa Singh, CEO & Co-founder, YourDOST
YourDOST is thrilled to witness the keen and continued interest of the government in addressing mental health issues. The announcement of the setting up of a National Tele Mental Health Program by the Finance Minister is in the right direction and will offer a strong support system for the mental wellness issues that people of all ages in the country are going through. This will play a significant role in removing the stigma attached to the topic of mental wellness in the country. Additionally, the rolling out of an open platform for the National Digital Health Ecosystem will also assist in connecting the relevant health providers and health facilities through the digital registry, thereby, making required health assistance more accessible.
Gautam Nimmagadda, Founder & CEO, Quixy
Aspects of the union budget 2022 provide great confidence to startups and innovators. The previously well-received decision to exempt startups from taxes for three years received an annual extension in this budget. This decision will further boost the fast-growing startup ecosystem in India. This continued support is immensely favourable for cultivating and sustaining innovation and providing financial assistance to the startups. And, in a salutary step towards data security, the Finance Minister has recommended giving an Infrastructure Status to the Indian Data Centers, thus enabling the providers with easier access to funds and encouraging more Data Centers to come up in the country to augment the digital revolution. We wish to see policies with a continued boost for digital technologies to achieve our collective dream of a digital-first future for the country
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