SG Analytics Quote

Mr. Sushant Gupta, Founder & CEO of SG Analytics

The Union budget 2022 is certainly growth-oriented & futuristic as it covers different facets of technology and embraces digital adoption widely. 

Whether it is the introduction of a New Digital Rupee or Central Bank Digital Currency (CBDC), legitimizing private cryptocurrencies & NFT (with 30% tax imposition on virtual assets), Digital Universities, or Digitization of Post Offices, the list is ambitious and futuristic. The thrust and focus on digital technology are certainly welcomed and appreciated.

Also, very timely and heartening is the focus on inclusive development, energy transition, and climate action as three of the four pillars of development. I wholeheartedly welcome the decision regarding the provision of green jobs and the acknowledgment of new-age entrepreneurship and its drivers.

SuperBot Quote

Mr. Sarvagya Mishra, Co-founder & Director, SuperBot (PinnacleWorks)

“The government has insisted on the development of digital infrastructure. Especially, in the education sector, the government has realised the need for a nationwide eVidya programme and digital university. This also opens prospects for new age tech startups to collaborate and contribute in establishing a robust digital infrastructure along with the government. New businesses have been leveraging technologies like AI, machine learning and data analytics, and have presented successful implications which might come handy in enabling the national education projects.”

SupplyNote Quote

Mr. Kushang, Co-founder & CEO of SupplyNote

“Indeed the food & beverage industry in India was bleeding, and it required a lifeline to recover. Though the government certainly announced a number of steps for its resurgence, the Budget announcement of extension ECGL service for the sector will play a significant role to empower the vertical once again and get it up and running. Additionally, a slight consideration on the investors front on funding the F&B startups could have further accelerated the recovery of the industry. We further expect fundamental policies to revive the vertical in the country.”

Pariksha Quote

Karanvir Singh, Founder & CEO Pariksha- Vernacular Edtech Platform

“Digital education became the familiar way of new-age learning following the lockdown. The new trend has been well accepted by the government as the way forward for upskilling, widening access to education, and strengthening the higher education system in the country. Additionally, the budget too circumscribed the fact that in a diverse nation like India, education can only be delivered by understanding the vernacular requirements of every region. The expansion of ‘One Class One TV Channel’ to provide supplementary education in regional languages for classes 1-12 will boost the early and secondary education in the country. And the proposed launch of the digital university will simultaneously cater to the requirements of higher education. Thus, the budget has served, end-to-end, to raise the education system in the country in a holistic manner,”.

Geekster Quote

Ankit Maggu, Co-Founder, Geekster

“The biggest challenge that our youth face is the lack of in-demand skills, the reason for this is that our higher education has not been able to adapt as per the changing Industry requirements. The new age entrepreneurs are trying to address this gap through different models making skill based education accessible to the masses but a lot more needs to be done. The launch of digital university is a great step, as it will increase the penetration of quality education even in the remotest areas at affordable price points.

Additionally, Digital DESH e-portal will help further refine the skills of the youth making them more employable and will reduce the skill gap, benefiting both – jobseekers, and employers. “

AdmitKard Quote

Piyush Bhartiya, Co-Founder and CEO, AdmitKard- Edtech for higher education abroad

 “The budget has been very much in line with the latest trends and changing paradigm in the education system. We are glad that the government is promoting digital education in India. The budget mentioned the launch of a nationwide digital university, which might be the answer to the long prevailing gaps in the higher education system. What initially started as a result of the global lockdown, has now been acknowledged as the probable solution to the difficulty of accessing higher education in the country where 65% of the population resides in the rural region. Simultaneously, stressing on Higher education will reflect in the next generation’s culture and quality of skill-set in the employment market,”

Digikull Quote

Mr. Himanshu Tyagi, CEO & Founder of Digikull

“The long prevailing skill gap in the market was a challenge for both- the recruiters, and youth of the nation too. With the launch of Digital DESH e-portal we can expect to fill in this gap to a certain extent. The interesting part is, that following the lockdown, adoption of digital medium had increased. The budget has leveraged this shift in behaviour to add to the ultimate aim of digital India. If the execution is right, we can gradullary expect digital learning to become the primary education system 5 years down the line,”

RENEE Cosmetics Quote

Ms. Aashka Goradia Goble, Co-founder , RENEE Cosmetics

“The Budget has granted the most popular wish of startups for extension of tax holiday. Now the Hon’ble FM has extended the startup tax holiday scheme to startups incorporated till March 31, 2023. This was also important as the last 2 years have been challenging for those who had just stepped into entrepreneurship and are struggling to keep their startup alive. Additionally, the surcharge on long-term capital gains (LTCG) tax has been capped at 15%. This will reduce the burden on startups in terms of ESOPs and other transactions too.”

Avni Quote

Mr. Apurv Agrawal, Co-Founder, Avni- Traditional Menstrual Care Brand

“The pandemic has unravelled a lot of loopholes in the Indian healthcare system. Certainly, health was to stay a priority in the budget. The Budget announced the launch of an open platform for the National Digital Health Ecosystem . This will provide easy access to the available health facilities and health providers. Absence of the right information had created a ruckus during the first and second wave of covid. We are glad that the government took note of the same and has now resolved the challenge too,”

Lissun Quote

Tarun Gupta, Co-founder, LISSUN

“As a result of the pandemic, a lot of entrepreneurs had stepped forward to address the challenge of rising mental health issues in India. The cases of depression and anxiety disorders witnessed an increase of about 25% globally, and by 35% in India alone. The National Mental Health Programme and Health and Wellness Centres alone could not have reached every individual in the crisis that they might face struggling in a moment. The easy access was the primary point of concern for everyone trying to help towards the issue. The government has recognised this, and addressed the same by launching Tele mental health service. The budget inculcating the fact that focussing mental and emotional wellness is the need of the hour, itself talks about how progressive we are becoming in our approach as a nation.”