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India Can Be A Global IT Leader

Pravin Dubey, Founder- WebClixs speaks on the key driver of the economy, Indian IT sector’s clear vision for the upcoming Lok Sabha budget.

BY Realty Plus
Published - Tuesday, 16 Jul, 2024
India Can Be A Global IT Leader

Solidify India's position as a global IT leader. To achieve this, the sector seeks substantial investments in building a robust digital backbone with expanded broadband connectivity, especially in rural areas. This will fuel remote work, online education, and e-commerce.

Additionally, the industry desires incentives to bolster domestic IT hardware production, aligning with the 'Make in India' initiative. This will create jobs, reduce reliance on imports, and strengthen technological capabilities.

Recognizing the importance of a skilled workforce, the sector seeks increased funding for specialized skill development programs to maintain India's talent hub status. Budgetary provisions for startups, such as funding and tax breaks, are crucial to foster innovation and job creation. With rapid digital adoption, robust cybersecurity measures are paramount.

The industry urges investments in infrastructure, capabilities, and data protection laws to safeguard digital assets. Bridging the digital divide is another priority, and the sector advocates for initiatives to enhance digital literacy across all demographics. To bridge the skills gap and foster innovation, collaboration between industry and academia is sought through joint research projects and internship programs.

 Finally, the sector anticipates tax reforms that streamline procedures, reduce compliance burdens, and incentivize R&D activities. By focusing on these areas, the budget can unlock India's potential as a global IT leader, driving sustainable growth and shaping the digital future.

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