The budget rightly spans initiatives for upliftment of poor, women, youth and farmers. The government, recognising this, has extended tax benefits for startups and sovereign wealth or pension fund investments to maintain a favourable investment climate. Furthermore, the FM talked about negotiating bilateral investment treaties by emphasising on a 'first develop India' approach. The viability gap funding for offshore wind energy is much needed to kick off the initial set of projects. It is now imperative for the private sector to leverage these opportunities and innovate, and contribute to India's growth story.

Source: Punch February 02, 2024 04:53 UTC