I would like to applaud the efforts of the Finance Minister Nirmala Sitharaman for delivering a well-balanced budget. Her maiden budget is a step in the right direction for India and especially the IT sector. The tech startups in the country will benefit from the elimination of IT scrutiny of founders and investors who are duly filing returns. This will also help overcome the funding crunch and boost the startup ecosystem. I am also thrilled with the announcement of the proposed expansion of the Skill India initiative to include areas such as Artificial Intelligence, Internet of Things, Big Data, 3D printing, Robotics, and Virtual Reality. This will help train our youth for overseas jobs. Allocation of Rs 400 crore for world-class higher education in FY20 is also the need of the hour. Formation of National Research Foundation shall go a long way in calibrating India’s talent pool.
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