2023...Welcome to Digital Rupee

- 2-1-2023 should be understood as the year of digital transformation, by the end of 2023 many things of daily use will be changed and life will become more challenging.

- As three percent of the people of the country pay taxes, it is believed that a plan to include more and more people in the tax structure will be introduced in the budget.

- In 2023, many opportunities are going to open up for people with talent. Finding staff who can work with artificial intelligence is going to be very difficult.

The year 2023 has come. Every sector is welcoming him. New projects started in 2022 will be implemented in 2023. Important prospects for 2023 are included here. 2023 should be understood as the year of digital transformation. What is hidden in the womb of 2023 was understood from the progress of 2022. By the end of 2023, the rupee currency will disappear from India and will be replaced by the digital rupee.

1. Accelerate the pace for digital transformation.

In 2023, transformation technology will give a new touch to many sectors. Such as Artificial Intelligence (IOT), Internet of Things (IOT), Virtual and Augmented Reality (VII), Cloud Computing, Block Chain, 5G, etc. By the end of 2023, there will be a change in many things of daily use and life will become more challenging.

2. Digital Rupee, a radical change in the financial sector

From the end of 2022, there is talk of making the digital rupee effective. Digital rupees are coming in circulation instead of the currently used rupees. People are used to UPI payments. The Reserve Bank will manage the digital rupee.

3. Preparation of new measures of tax reform

The new budget will see several tax reform measures. Many people believe that the budget will be vote-oriented but there are indications that the government will make it development-oriented. As three percent of the people of the country pay taxes, it is believed that a plan to include more and more people in the tax structure will be introduced in the budget.

4. As the clouds of swell and recession

Since the beginning of 2023, most of the countries are suffering from recession. Many countries still have businesses for full production. Most have not yet reached pre-Covid production. As soon as Corona went away, the Russia-Ukraine war came. The increase in the price of daily necessities directly affects everyone's life. The supply chain which was broken due to covid has not fully started yet. Inflation is affecting it.

5. Climate change can make things worse

In 2022, the economic condition of many countries was stuck due to climate change. Climate change affects companies' products, supplies and people's purchasing power. In late 2022, America was caught in an icy storm. The loss of life was reduced but the business activities came to a standstill for fifteen days. Climate change can cause major damage. Climate change is expected to favor the business sector in 2023.

6. War is also a threat for 2023

At the end of 2022, Russia has chosen to deceive the feeling that the war in Ukraine will stop. There is a possibility of war on many fronts in 2023. War has a direct impact on business. Every company wants that there is no war and only if there is timely production then development can take place. Big countries especially countries like China are also seen to be stuck in flood and storm conditions.

7. 2023 ...the year of recovery in the oil sector

2022 was very dangerous for investors. The ups and downs of the stock market had plunged Dhana into losses. 53,115 crore has been sought to be raised through IPA of 32 companies in 2023. Google's Sundar Pichai has assured to help in the startup sector. Sebi is bringing laws in 2023 that will increase the responsibility of the corporate sector towards investors. It can be said that the economic system will turn on the path of boom in the year of recovery.

8. Scramble to find talent..

Every company is scrambling to find talented people. As in 2022, companies will have to wait to find talent in 2023. It is very difficult to get both company loyal and talent together. Companies that have people with both these qualities rarely leave. In 2023, many opportunities are going to open up for people with talent. Finding staff who can work with artificial intelligence is going to be very difficult.

9. Two trillion investment for 5-G

By December 2023, the network of 5G will spread across the country and 4G will definitely reach where 5G does not reach. Mukesh Ambani will invest two trillion rupees for the network to broadcast 5G across the country. For those doing online business, 5G will experience a new downloading speed. Other companies have yet to release their implementation plans, but each will go global by the end of 2023.

10. Soaring high of rocket software

Rocket Software Company, which supplies data and artificial intelligence software to the world, has decided to make the company one billion dollars in the next 18 months and has decided to open its office in India. The current turnover of this US-based company is 800 million dollars. This company is going to be active in four states of India and will provide jobs to around 700 people in a year. Started in 1990, this company currently employs 2500 people.

11. Emphasis on the development of each state in 2023

In addition to southern states, Maharashtra and Gujarat have a total contribution of 44 percent in India's economic progress. The per capita income of southern states is three times that of Uttar Pradesh and five times that of Bihar. In 2023, the central government will try to set up more industries in Uttar Pradesh and Bihar as it will increase employment and increase people's income. Southern states are also ahead of other states in the field of education so they can get more business.

Both Sensex and Gold will cross 75,000

Sensex is expected to cross 75,000 in 2023. In 2022, there were several shocks that stopped the Sensex. 2023 will be rosy for Sensex because digital transformation will favor the stock market. Gold will also shine, as will the Sensex. If there is no war in 2023, gold will shine. In fact, in 2023 both gold and Sensex will cross 75,000. New IPOs can also give a fresh boost to the markets.