“The Interim Indian Budget released today by Nirmala Sitharaman is forward-looking in parts. It is clear that as we navigate the path of technological leadership for India, the transparency and implementation of deep-tech-related funds presented in the budget become crucial.

Ms Sitaraman presented a skills program with an increase in ITI’s. In parallel, the industry’s approach towards talent acquisition must evolve, recognising the value of diploma holders(technicians) alongside STEM graduates, to foster a dynamic workforce. Also, the gender diversity seen in educational institutions has not yet been mirrored in our workforce due to the relative lack of mobility in the female workforce. This calls for a strategic shift of industry hiring to create opportunities in Tier 2 cities and rural areas, particularly in AI, to harness the untapped potential across our nation.

Today’s budget lays down the financial framework, but it’s the execution that will determine our trajectory towards becoming a global tech powerhouse.”