What telecom industry expects from Budget 2023: Tax benefits, centralised registration process, and more

Budget 2023 is just one week away, and since this will be Modi government’s last budget before the General Election in 2024, it is expected to be a growth-oriented one. The

primary focus of the Budget is likely to be on job creation and investment-driven growth. The real estate sector may get a boost with some announcements to expand the current

income tax benefit for housing. Additionally, some measures can be announced by FM Nirmala Sitharaman to stimulate rural spending and infrastructure development. Overall, with its

focus on growth and development, experts expect that this Budget may have something for everyone. With the massive rollout of 5G picking up steam, the upcoming Budget could be the

most important budget for the telecom sector. What does the Telecom industry expect from Budget 2023? The Telecom industry is seeking government support for the

expansion of infrastructure, such as the rollout of 5G networks and the development of internet connectivity in rural areas. Additionally, it is also expecting tax benefits to

encourage investment in the industry, and regulations that promote fair competition and protect consumer interests. The Cellular Operators Association of India (COAI), an Indian

non-governmental trade association and advocacy group focused mainly on the telecommunications industry, has made some crucial recommendations to the government ahead of the

Budget to help elevate the telecom sector.