The budget’s proposals on digitization and technology revamp could result in a multi-billion-dollar opportunity for India’s big IT services providers such as Tata Consultancy Services (TCS), Infosys, Wipro and Tech Mahindra. The government could spend more than $10 billion on technology solutions across IT, data centres, platforms, software and telecom, the technology forecaster. TCS is expected to lead the charge in digitisation and technology revamp projects, while Tech Mahindra may do so in telecom and 5G opportunities. In newer segments like logistics, agriculture and health-tech, the government tenders may go to smaller domain-specific companies and startups, according to research by UnearthInsight. Government initiatives like setting up 75 digital banks in 75 districts or using smart meters to ensure equitable access to utilities inch toward digital inclusion in service delivery, said Apeksha Kaushik, principal analyst. As of 2021, government spending on technology stood at $9.6 billion. This is expected to grow 11.6% in 2022 to $10.7 billion. Around $5.5 billion of this will be directed towards software and IT services.