FrePres

The budget heavily prioritizes innovation, the digital economy, and startups. A standout initiative is the planned establishment of the country’s first sovereign AI compute center, developed in collaboration with the private sector. Additionally, to foster entrepreneurship, startups with an annual turnover of up to Rs 10 crore will receive a full income tax exemption for five years. The government is also offering a 50% tax exemption on income earned from exports, which directly benefits the growing IT and software services sector.

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