India’s ambition to become a global tech leader is evident in its focus on traditional strategic technologies, digital infrastructure, and emerging innovations. However, the country's technological ambitions are not without obstacles.

The finance ministry’s approach to capital gains taxation has often meandered, lacking consistency and foresight, engendering a fragmented and onerous tax milieu. The dual tax burden, the expunging of indexation benefits, and the absence of a slab-based tax system are pressing areas in need of redress.

While it lays out an ambitious roadmap, the true test lies in its execution. The government’s ability to navigate the complexities of fiscal management, infrastructure development, social welfare and global economic dynamics will determine the success of this budget.

Labour's victory is nothing short of a political earthquake. The echoes of change resonate far beyond the UK, and Keir Starmer has a tall order ahead of him.