Budget 2024 Expectations: IT Industry Seeking Incentives, Push For New Tech Like AI, 5G, Blockchain

Experts are hoping that the Budget would look into fostering new technologies, provide incentives for the IT sector and focus on digitalisation to help the industry flourish

Analysts noted that initiatives like Skill India, tech-based upskilling, and reskilling can help in generating employment opportunities and facilitating hirings

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The Indian government is scheduled to release the Interim Budget for 2024-25 on February 1, 2024. The budget will be presented by Finance Minister Nirmala Sitharaman and will be keenly observed by the public. Due to the interim nature of the budget, big policy changes aren’t expected from the financial document, however, experts are hoping that the Budget would look into fostering new technologies, provide incentives for the IT sector and focus on digitalisation to help the industry