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.
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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
