Budget 2024 Expectations: Diverse Voices and Industry Hopes Shape Economic Vision
Date: January 24, 2024
Time: 04:44:52 PM IST
As the anticipation for Budget 2024 intensifies, a chorus of expectations resonates across diverse sectors, offering a glimpse into the aspirations and dreams that could mold India’s economic trajectory. Industry leaders and experts voice their thoughts, providing insights into the specific changes they wish to see in the upcoming budget. Here’s a summary of key expectations from various sectors:
Sports Tech Industry’s Call for Training Facilities and Job Opportunities
Sudeep Kulkarni, Founder of Game Theory, notes the pre-election context and the likelihood of a status-quo budget. However, he acknowledges the positive step taken in the previous budget with a ₹100 Cr allocation for the National Sports University. Kulkarni emphasizes the need for more capital to develop sports infrastructure, creating jobs and training opportunities.
Infrastructure and Defense in Focus
Mukesh Kochar, National Head of Wealth at AUM Capital, views this budget as crucial, given the pre-election context. He anticipates a continuation of government policies with a strong focus on infrastructure-led growth and ‘Make in India.’ High allocations towards railways and defense are expected, influencing market dynamics.
Green Hydrogen Mission and Semiconductor Industry Expectations
Venkat Mattela, CEO & Founder of Ceremorphic, highlights the semiconductor industry’s potential and calls for joint projects to foster innovation. He emphasizes the National Green Hydrogen Mission to steer the economy towards low carbon intensity, aligning with global sustainability efforts. Mattela envisions collaboration between renewable energy and semiconductor sectors.