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Budget bytes: well-rounded, digital strong

Job creation to boost economic growth

By KARTHIKEYAN NATARAJAN

President and Chief Operating Officer, Cyient

Coming out of the pandemic year, the Finance Minister has laid down a well-rounded Budget. Focus on setting up of Fintech Hub at Gift City, enhancing digital payments and use of AI in governance – all provide a strong platform for Digital India.

Allocation of Rs 50,000 crore towards National Research Foundation will work towards boosting India’s Innovation Quotient on the global map and is a welcome move. Allocation of funds as incentives for promoting digital payments is also a step in the right direction and a significant step in ease of doing business.

Lastly, increase in allocation for highways and railways will lead to employment generation and boost the economic growth of the nation.

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