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Budget Reaction Quote 2023-2024- Mr. Nihar Sripad Madkaiker, Co- Founder iXR Labs

“In the budget 2023-24, we are happy to see a significant inclination towards start-ups and skill development. The government is providing advantage to the start-ups by offering tax benefits by extending until March 31, 2024. This year we also see the demand for workers with digital skills is increasing in a wide range of industries.

We are delighted to see that the government has focussed on developing hundred labs applications using 5G services that will be set up in engineering institutes. To make this more efficient, it is important to train and upskill workers, learners and educators and this step will encourage employment.

As technology in education continues to advance and becomes more relevant, we anticipated that the government would bring an approach that is more substantial in the education / edtech sector.”

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