Budget Expectation quote from Managing Director, Sinch India- Nitin Singhal, Managing Director, Sinch India

“India’s budget for the upcoming fiscal year is highly anticipated, as it is expected to focus heavily on technology and digital infrastructure. According to a recent report by PwC, the country’s digital economy is projected to grow at a CAGR of 11.5% to reach $1 trillion by 2025. This growth is driven by increasing internet and smartphone penetration, and government initiatives such as Digital India and Make in India. I anticipate that the budget in 2023 will announce further support for the development of the digital economy by investing in areas such as 5G technology, artificial intelligence, and cybersecurity. Additionally, I am looking forward to the plan regarding the allocation of funds for the expansion of digital infrastructure in rural areas to bridge the digital divide and promote inclusive growth. Overall, I believe the budget is expected to set the stage for India’s continued growth as a major player in the global technology industry.”