Post Budget Reaction by YOGITA TULSIANI, Director and Co-founder, iXceed Solutions

The year 2022 was a roller-coaster ride for the startup ecosystem as well as the HR industry. Layoffs, hiring, gig workers, and other changes had to be made throughout the ecosystem, but after watching the Union Budget 2023-24, it gives the ecosystem a spark and encouragement. India has today grown to be the third largest startup ecosystem globally, and that has helped generate employment as well. Every sector generates jobs for the youth, whether it is in Agri-tech, tourism and travel, health, or many more. With the realization of the advancement of technology come several schemes and missions, like the establishment of 3 Centers of Excellence for Artificial Intelligence in top educational institutions, leading industry players to partner to conduct research and develop applications, the National Digital Library, and many more. Overall, the budget is the correct example of a balanced budget for fiscal responsibility and a push for the startup ecosystem after COVID-19.”