A representational photo of a telecom tower.
Credit: Reuters File Photo
Finance Minister Nirmala Sitharaman on Tuesday presented a record seventh consecutive Union Budget, highlighting the Modi govt 3.0's plans for the economic development of the country for this financial year.
The Budget identified the following areas as priorities: productivity and resilience in agriculture, employment & skilling, inclusive human resource development and social justice, manufacturing & services, urban development, energy security, and infrastructure.
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As per the government's 'Budget at a Glance' document, expenditure on several 'major items', such as agriculture, commerce, defence, education etc. are listed, with regards to various sectors.
Here, we take a look at the allocation for IT and telecom in this year's Budget, and how it compares to allocations since 2019-20:
The IT and telecom has sector has witnessed an impressive allocation of funds since 2019-20 when the government promised Rs 21,783 crore for the sector. Comparing that data to this year's shows a massive jump, with the government allocating Rs 1,16,342 crore this time around.
Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman presented her 7th consecutive Union Budget on July 23, 2024 under the Modi 3.0 government. This Budget brought tax relief for the middle class, while focusing on jobs through skilling, incentivising employers. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.