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Below the Pre budget Quote on IT Industry by Pradyumn Sharma, CEO of Pragati Software

As Union Budget 2025 approaches, I’m optimistic about the government’s continued focus on strengthening India’s digital economy and skill development. With India set to become a $1 trillion digital economy by 2028, this budget presents a vital opportunity to invest in the nation’s future and address the reskilling needs of over 65% of the workforce in areas like AI, machine learning, and blockchain.

The IT sector expects policy measures that enhance India’s position as a global technology leader. As a key contributor to GDP and employment, this budget can fuel innovation, foster talent, and further develop the digital ecosystem.

A priority is increased support for upskilling and reskilling programs. Funding for industry-relevant training, in partnership with initiatives like Skill India and Digital India, will help bridge the talent gap and improve India’s global competitiveness. Tax reforms encouraging R&D investment in emerging technologies would stimulate innovation and position Indian companies as global tech leaders.

Investments in digital infrastructure, particularly in Tier 2 and Tier 3 cities, are also crucial. Improving connectivity and internet access will unlock new talent pools, decentralize growth, and support the growing work-from-anywhere trend.

I also hope for greater incentives for tech startups, particularly those in AI, SaaS, and cybersecurity. Simplifying compliance and offering funding opportunities will accelerate growth in the startup ecosystem. Finally, promoting public-private partnerships in education and skill development will help create a sustainable pipeline of professionals equipped for the future. In summary, I look forward to a budget that fosters digital inclusion, innovation, and skill development, ensuring India remains a global technology leader.

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