Union Budget 2023-24 has garnered a positive response from the business community with several experts praising the initiatives announced by the finance minister. The budget, aimed at fostering growth through digital transformation has received praise for its focus on the financial sector, skill development and the start-up ecosystem in India. Prateek Toshniwal , Founder, Director & Advisor at Tosniwal Ventures, says, “The Union Budget for the 2023-24 fiscal year has changed the capital investment landscape in the country. The economy is projected to grow at 7%, the highest among major economies. India is on the right path, despite current challenges. The finance minister’s cap-ex target for 2023-24, at Rs 10 lakh crore is 33% higher than the 2022-23 budget estimate of INR 7.5 lakh crore and represents 3.3% of GDP.” Ashish Singhal , Co-Founder and CEO of CoinSwitch echoes digital transformation, “It’s great to see the financial sector as one of the seven priority sectors in the budget. While we are still reading the fine print, the thrust to improve financial literacy and to build DigiLocker as a one-stop KYC solution are positives for the Wealth Tech Ecosystem. Being an early adopter of DigiLocker, its use has greatly helped […]
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