Wipro CFO Praises Budget 2024: FY26 Fiscal Targets Met, AI Focus Lauded

• Wipro CFO Aparna Iyer commended the government for achieving FY26 fiscal deficit targets despite a volatile global environment and tax rationalisation.
• Iyer highlighted the Budget's emphasis on the Indian IT services sector as a key economic growth driver, with Artificial Intelligence (AI) as a "force multiplier".
• The government aims to transform India into an AI-driven economic superpower by placing AI at the core of economic expansion efforts.
• Iyer welcomed the long-term tax exemption for data centre services to foreign customers, seeing it as a move to establish India as a data centre hub.
• Other praised measures include combining IT and R&D services, increasing safe harbour limits, and a two-year timeline for unilateral Advance Pricing Agreements (APAs).

Why It Matters: Wipro CFO Aparna Iyer lauded Budget 2024 for meeting fiscal targets and its strategic focus on AI and IT services.