Shri Ashishkumar Chauhan, MD and CEO of the National Stock Exchange (NSE), has hailed the Union Budget 2024 as a revolutionary blueprint for driving technological advancement and fostering innovation in India. Chauhan’s insights reveal how the budget’s strategic focus is set to propel India into a new era of economic and technological growth.
Chauhan highlighted the budget’s forward-looking measures, particularly its emphasis on enhancing job creation through a synergistic approach involving both private and public sectors. Key initiatives, such as relief on angel tax and the expansion of the Mudra loan scheme limit from Rs 10 lakhs to Rs 20 lakhs, are designed to boost entrepreneurial ventures and support tech-driven startups.
The budget also prioritizes increasing women’s participation in the workforce, which Chauhan believes will significantly contribute to a more innovative and diverse technological landscape. The focus on skill development, alongside sustained infrastructure investment and a reduction in the fiscal deficit to 4.9%, reflects a balanced approach to nurturing both technological innovation and economic stability.
