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  • Saturday, May, 2024| Today's Market | Current Time: 02:07:21
  • Post budget reaction from Sarvesh Agrawal, founder and CEO, Internshala

    Published on February 5, 2024

    The interim budget for 2024 highlighted the government’s pursuit towards a “Viksit Bharat” (Developed India) through technological research and innovation in emerging fields. Emphasising on inclusive and sustainable development, the government aims to boost green power and support the electric vehicle manufacturing and charging infrastructure. This vision offers a promising trajectory for entrepreneurship and job creation in this rapidly evolving sector. This will in addition, also lead to a boost in the skilling and job creation in the EV sector.

    A key highlight from the finance minister’s budget announcement is the expectation of expanded opportunities for Indian youth, both domestically and globally, in areas such as skilling, learning, research, innovation, and career development. The ongoing transformations driven by the new age technologies and data-based advancements present a golden opportunity for aspiring tech enthusiasts. For the educational technology (edtech) industry, this is the cue to enhance skill development programs in areas like deep tech, generative AI, and green technologies such as electric vehicles and solar power.

    Another exciting announcement pertains to the provision of a corpus of one lakh crore rupees at low interest rates and for long tenures, particularly beneficial for aspiring Indians looking to enter and progress in the tech industry. If effectively implemented, this initiative could unleash a multitude of opportunities in the entrepreneurial sector, with a strong focus on research and innovation, thus propelling India further towards an Atmanirbhar and Viksit Bharat.

    We eagerly anticipate the government’s forthcoming initiatives aimed at realising the aforementioned promises. We hope to see substantial steps taken and concrete initiatives launched in the revised budget for 2024 presented by the newly elected government.


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