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 provision of green jobs and the acknowledgement of new-age entrepreneurship and its drivers.
By Sushant Gupta, Founder & CEO, SG Analytics