The Union Budget of India for 2022, presented by Finance Minister Nirmala Sitharaman, shows a clear preference for sustaining India’s economic growth trajectory, resulting in India becoming the world’s fastest-expanding economy. While the budget includes some strong development-support measures for all sectors, it singles out technology as a vital area for creating a digital ecosystem that will serve as a basis for business and economic growth. Digital infrastructure investment and policy initiatives will help India lay a solid basis for long-term growth.
Strong fundamentals are critical, and the government’s announcement of major investment in strengthening India’s digital infrastructure speaks volumes about the government’s commitment to moving the country toward a digital future. This can be seen in the contracts that will be awarded to lay optical fiber lines to hundreds of thousands of communities, as well as the investment strategy for design-led manufacturing that will aid in the development of our 5G ecosystem. Furthermore, the future 5G spectrum auctions will aid in the adoption of faster, more efficient mobile networks in India.
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