Budget Reaction – L C Singh, Director and Executive Vice Chairman of Nihilent

L C Singh, Director, and Executive Vice Chairman of Nihilent, commented, “The forward-looking budget announced by the FM provides an impetus to key growth areas. Increasing the capex outlay to Rs 10 lakh crore for infrastructure development will enhance private investments to a great extent. Skilling is a current imperative for our talented youth; hence the announcement to set up Pradhan Mantri Kaushal Vikas Yojana 4.0 is a step in the right direction to secure their future. To unleash the potential of our economy and simplify ease of doing business, eliminating 39000 compliances and 3400 legal provisions is a step in the right direction, which will also boost entrepreneurship. The FM’s significant amendment in direct tax announcements will lead to consumption-based growth and reverse brain drain, building a robust talent pool in India. Setting up Centres of Excellence to boost AI in India is yet another futuristic move that will propel India to greater heights in the technology space and cement our role in what is popularly described as the ‘techade.”