Budget Expectations 2024

Union Budget 2024: Expectations from Sophos India

Sunil Sharma, Vice President, Sales, Sophos India & SAARC
Sunil Sharma, Vice President, Sales, Sophos India & SAARC

Budget 2024 is round the corner. Although, it’s going to be an interim election year budget, the budget has raised lot of expectations in various industry corridors and the IT industry is no exception. The union budget, which is all set to be announced on 1st Feb 2024, is anxiously awaited by the captains of the IT Industry. For the benefit of our readers, we are presenting some of the important voices, reflecting the hopes and expectations of the industry from the upcoming budget.

“The Finance Minister’s call for proactive cybersecurity measures augurs well for a renewed focus on bridging the current cybersecurity skill gap in the industry, fostering an efficient cyber-task force within organizations.”

Sunil Sharma, Vice President, Sales, Sophos India & SAARC

Here is what Sunil Sharma, Vice President, Sales, Sophos India & SAARC, expects from the upcoming budget:

“Over the past year, India has witnessed a rise in cyber-attacks of various magnitudes, placing many businesses and individuals at risk. In the wake of these attacks and the Finance Ministry’s directives throughout 2023 to enhance cybersecurity measures in different industries, hopefully the upcoming interim Union Budget 2024 will include a continued focus on reinforcing the nation’s cyber defences. With a heightened emphasis on prevention of data breaches, ransomware attacks and AI-powered cyber threats, increased budgetary allocations towards cybersecurity awareness and training initiatives are imperative.”

“The Finance Minister’s call for proactive cybersecurity measures augurs well for a renewed focus on bridging the current cybersecurity skill gap in the industry, fostering an efficient cyber-task force within organizations. This strategic investment will not only fortify our defence against cyber threats but also contribute to job creation and economic resilience in the face of evolving digital challenges, powering the future of a secure Digital India,” he adds.

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