Budget 2024: Making technology the electricity to power India’s economy

Date:

New Delhi: The government plans to encourage the private sector to develop digital public infrastructure (DPI) apps in core areas of the Indian economy.

These areas include credit, agriculture, ecommerce, education, health, law and justice, logistics, micro-, small- and medium-sized enterprises (MSMEs), services delivery, and urban governance, finance minister Nirmala Sitharaman said during her budget speech on Tuesday. 

The move is expected to help thousands of tech startups, Indian IT services providers, and even the local operations of big tech companies.

During the interim union budget presented in February, the government expectedly did not make any major proposals for the technology sector. But it did indicate it wanted to continue strengthening the country’s DPI by christening it a “factor of production (the others being land, labour, capital and entrepreneurship) in the 21st century”. 

In India, DPI (formerly known as the…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...