{"id":3177,"date":"2025-02-04T05:32:33","date_gmt":"2025-02-04T05:32:33","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/experts-react-whats-missing-in-union-budget-2025\/"},"modified":"2025-02-04T05:32:33","modified_gmt":"2025-02-04T05:32:33","slug":"experts-react-whats-missing-in-union-budget-2025","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/experts-react-whats-missing-in-union-budget-2025\/","title":{"rendered":"Experts React: What&#8217;s Missing in Union Budget 2025"},"content":{"rendered":"\n<\/p>\n<p><strong>India&#8217;s Union Budget 2025-26: A Mixed Bag for the Digital Economy<\/strong><\/p>\n<p>The Union Budget 2025-26 has taken significant steps to encourage the technology space, aiming to boost innovation, digital infrastructure, and self-reliance across multiple sectors. The provisions outlined in the budget are expected to have a substantial impact on India&#8217;s technology landscape, driving economic growth and enhancing global competitiveness.<\/p>\n<p>However, the digital landscape has mixed reactions to the Budget. While there are several good initiatives for the digital economy, concerns have been raised about the implementation of these initiatives. &quot;Overall, several good initiatives for the digital economy. It looks to strengthen the digital and technology sectors, fostering innovation, and enhancing India&#8217;s position in the global technology order. My worry is how much they will actually implement eventually,&quot; notes Abhijit Majumdar, Partner &#8211; Digital Strategy, PwC.<\/p>\n<p><strong>Key Features of the Budget for the Digital Ecosystem<\/strong><\/p>\n<p>The Budget has outlined several salient features for the digital ecosystem, including:<\/p>\n<ul>\n<li><strong>Fintech and Digital Payments Support<\/strong>: A \u20b91,000 Cr fintech fund, incentives for startups, and enhanced cybersecurity measures for digital payment infrastructure.<\/li>\n<li><strong>Incentives for Electronics Manufacturing<\/strong>: Removal of import duties on smartphone components, improving India&#8217;s attractiveness and position in the global mobile supply chain.<\/li>\n<li><strong>Support for Startups and Deep Tech<\/strong>: A new Fund of Funds for Startups with an additional \u20b910,000 Cr and a Deep Tech Fund of Funds (being explored) to catalyze next-generation startups.<\/li>\n<li><strong>Promotion of Research and Development<\/strong>: An allocation of \u20b920,000 Cr for a private sector-driven R&amp;D and innovation.<\/li>\n<li><strong>India AI Mission<\/strong>: An AI CoE for education to integrate AI into dated educational frameworks, ingraining innovation from early stages in a student&#8217;s life.<\/li>\n<\/ul>\n<p><strong>What&#8217;s Missing in the India Budget 2025?<\/strong><\/p>\n<p>While the Budget signals a strong push towards self-reliance, innovation, and digital transformation, there are areas that are missing focus. According to Dr. Yusuf Hashmi, technology leader and CISO, Jubilant Bhartia Group, the following areas are missing focus:<\/p>\n<ul>\n<li><strong>Direct Incentives for AI Startups or Semiconductor Fabs<\/strong>: Despite global trends, there are no direct incentives for AI startups or semiconductor fabs.<\/li>\n<li><strong>Cybersecurity Funding<\/strong>: Cybersecurity funding is not explicitly highlighted, even as threats increase in critical infrastructure.<\/li>\n<li><strong>Cloud and SaaS Industry Incentives<\/strong>: Cloud and SaaS industry incentives are absent, while countries like the US and EU offer tax breaks for cloud investments.<\/li>\n<\/ul>\n<p><strong>Execution Will Be Key<\/strong><\/p>\n<p>The government&#8217;s focus on self-reliance, digital infrastructure, and R&amp;D is promising, but execution will be key. &quot;The Budget is a strong enabler of tech-driven growth, but cybersecurity, AI, and semiconductor manufacturing need more structured incentives to compete with global leaders,&quot; remarks Dr. Hashmi.<\/p>\n<p><strong>Published On Feb 4, 2025 at 10:46 AM IST<\/strong><\/p>\n<p><strong>Subscribe to our newsletter to get the latest insights and analysis.<\/strong><\/p>\n\n<br \/><a href=\"https:\/\/ciso.economictimes.indiatimes.com\/news\/cybercrime-fraud\/promising-yet-whats-missing-in-the-union-budget-2025-experts-react\/117903068\" rel=\"nofollow noopener\" target=\"_blank\">Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Union Budget 2025-26: A Mixed Bag for the Digital Economy The Union Budget 2025-26 has taken significant steps to encourage the technology space, aiming to boost innovation, digital infrastructure,&#8230;<\/p>\n","protected":false},"author":19,"featured_media":3178,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-3177","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cybercrime-fraud"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/02\/promising-yet-whats-missing-in-the-union-budget-2025-experts-react.jpg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/3177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=3177"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/3177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/3178"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=3177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=3177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=3177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}