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ARTICLE · 18 FEBRUARY 2025

Powering India's Tech Ascent

India's journey into the digital age is a narrative of extraordinary growth and innovation. As a premier hub for technology services and emerging hub for electronics hardware manufacturing, India continues to play a vital role in the international arena.

IndiaTax
Srinivas Bhat
Srinivas Bhat
Jayashree Parthasarathy
Jayashree Parthasarathy
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Key tax & policy amendments impacting Technology Sector

India's journey into the digital age is a narrative of extraordinary growth and innovation. As a premier hub for technology services and emerging hub for electronics hardware manufacturing, India continues to play a vital role in the international arena. In this backdrop, the Union Budget 2025 offers a blueprint for the future, laying down a strategic roadmap that promises to amplify India's technological capabilities and foster an environment ripe for exponential growth in this sector.

The Union Budget 2025 introduces pivotal measures for this sector, including increased funding for the India AI mission, establishment of an AI Centre of Excellence for Education, and the creation of a Deep Tech Fund to spur start-up innovation. It also outlines a national framework to establish GCCs in tier 2 cities, leveraging India's extensive talent pool. Concurrently, the budget facelifts the indirect tax structure to

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