In her Union Budget 2023-24, FM Nirmala Sitharaman laid a strong emphasis on leveraging technology as a growth enabler. The budget offered a blueprint for India@100, dubbing it a ‘Digital India’, with a focus on inclusive growth, sustainable development, harnessing the power of new-age technologies, business reforms, green growth, and empowerment of MSMEs, farmers, youth, and women. Despite the global recession and the Russo-Ukrainian war, India demonstrated an impressive 7% GDP growth in fiscal 2023.
