as in all debates such as this, a kernel of truth is spun as sky is falling down. There’s never been a budget which has not been contemptuously dismissed as antigrowth, antipoor, anti-.
I for one see it like this; each year the budget is less and less surprising as all actions and calls are already taken. in 1.5hrs she wrapped it up instead of line by line walkthrough of each dept that generates revenue. Most decisions are already taken in the fiscal year and hence no new surprises that can goose the market up or down.
A perfectly acceptable approach instead of a gamble to fold or double down into stock classes that might go up.
3rd largest start-up hub in the world with over 25,000+ tech start-ups
42 new unicorns and 11 IPOs in the year 2021.
Over 2250 tech startups were founded in 2021 and the total highest-ever funding of $24 bn was raised in 2021
2000 software product companies
1000 SaaS companies in India.
India ranked 46th on Global Innovation Index
138K tech patents in India during 2015-2021
Future:
The target of $350 bn revenue by FY2026 growing at a rate of 11-14%.
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