Budget 2022: Quotes by Industry Leaders (ICT & Memory)

Budget 2022: Quotes by Industry Leaders (ICT & Memory)

Budget 2022: Quotes by Industry Leaders (ICT & Memory)

David Li, CEO, Huawei India

“The 2022 Budget is one that has its eye set firmly on the future, with a technology-driven sustainable development at the core of its vision. The budget provides for digital enablement for all sectors from digital education, digital university, telehealth and digital banking among others. It also looks at boosting the economy with provisions for the start-up ecosystem, infra, clean energy. The focus on skilling, digital learning and clean mobility will create opportunities for Indian youth and will also go a great way in addressing the skill gap in various industries. It is such inclusive policies that will boost the outcome of the budget”

Anand Ramamoorthy, Managing Director, Micron Technology (India)

Anand Ramamoorthy, Managing Director, Micron Technology (India)
Anand Ramamoorthy, Managing Director, Micron Technology (India)

The 2022-23 budget outlines a balanced, value accretive, and pro-growth outlook. It’s an optimal mix of intent and pragmatism. The renewed focus on infrastructure, health, education, entrepreneurship, and digitization of the economy, resonates with the Economic Survey’s projected GDP growth rate of 8% for the next fiscal. The call-out on semiconductors as a sunrise sector and 5G roadmap post the success of PLI schemes launched last year will provide impetus to the segment. Furthermore, data-centric growth and democratization of digital banking augur well for our industry and will further bolster India’s aspirations, as the fastest developing digital economy in the world.

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