2022-23 budget- a capex heavy, investment push and demand generating
Venkatraman Narayanan, Managing Director & CFO, Happiest Minds Technologies
“A capex heavy, investment push and demand generating budget. I expect the private sector to more than match the capital spend of the Government thus supporting GDP growth of 9% plus, leaving enough headroom for expenditure on farms, health, education and other social sectors. The theme of continued ease of doing business, consistency and stability in tax rates, rebates, push to further digitise the economy, issue of RBI backed digital currency, legitimising digital assets, etc. seem to aid and support the all and in specific the IT Industry which is expected by NASSCOM to grow to become $350 billion in size in 5 years. In all sounds like a ‘financial budget’ of the Country”.
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