“Ahead of the 2024 interim budget, the tech sector anticipates policies that can fuel growth. This upcoming budget isn’t just about financial adjustments; it’s about nurturing an ecosystem where innovation can thrive and significantly contribute to the evolving business landscape. Prioritizing targeted support for research and development is crucial, especially educational programs promoting the responsible use of AI. We hope to see continued funding for such initiatives as they are pivotal in nurturing innovation and building trust in technological solutions. We value initiatives like the Data Protection Data Privacy (DPDP) Bill, which enhances data privacy and establishes robust laws to combat misinformation and the use of deep fakes. The industry also looks forward to a comprehensive policy approach that promotes a liberalized patent box regime and cultivates a culture of innovative thinking, paving the way for significant contributions to the evolving business landscape.”
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