The overall Budget 2015 was low on theatrics but it seems to be positive enough to lift the spirits of India Inc. with something in there for everyone. There is a positive thrust on the future of technology in the country and the government seems to have a better focus on Better Education, Improving Infrastructure, Creating Skill-based Employment and Encouraging start ups. We welcome the reduction in corporate taxes and rationalization of custom duty on components which becomes important from the IT industry perspective. On a whole, encouraging entrepreneurship will provide a fillip to innovation, boost employment, enable an inflow of foreign exchange through exports, foster self-sufficiency and indeed, significantly contribute to India’s renewed economic growth.
- Post-Budget Reaction by Mr. Chennapa Naidu Darapaneni, Founder & CEO, MeraEvents.com
- Post-Budget Reaction by Mr. Keshav Bansal, Director of Intex Technologies