CEOs of top tech firms hail tax norms for digital economy in Budget 2021

They say coming in the wake of Covid-19 pandemic, the Budget looks to strengthen many important pillars for economic recovery and future growth

The chief executive officers of some of the top Indian startups and tech companies have welcomed the tax breaks and incentives in Finance Minister Nirmala Sitharaman’s Budget presented on Monday.

They said coming in the wake of the Covid-19 pandemic, the Union Budget looks to strengthen many of the important pillars for economic recovery and future growth. 

Kalyan Krishnamurthy, CEO at e-commerce company Flipkart Group said there is a clear focus on attracting greater investments into infrastructure, boosting domestic output and creating jobs. He said it is focused on accelerating the adoption of digital technologies, and giving a much-needed boost to MSMEs