Pre-Budget expectations, Anand Agarwal, Group CEO, STL

“The Indian government’s Digital India programme has transform r base (700 million), 2021 presents us with the unique opportunity to establish India as a global powerhouse of Digital Growth and realise the vision of a $5tn economy by 2025.

Developed economies (with >$5tn GDP) spend ~1.2% of their GDP for digital infra build. In the upcoming Union Budget 2021, we expect a roadmap for investments to the tune of ~2% of GDP, as against 0.5% earlier, for building the next-gen digital infrastructure. Our government must allocate a dedicated and non-lapsable budget for network build and modernisation to improve our global positioning on network readiness index.

Now is the time to innovate and build indigenously and become Atmanirbhar. Extension of the PLI scheme to existing businesses will boost the overall digital landscape of the country.”
CT Bureau