Post-Budget quote from Mr. Sanjay Motwani, Country Director, India & SEA at Raritan:
My overall thoughts are that it is a realistic budget with focus on improving infrastructure, boosting PPP and encouraging savings in the economy. These seem to be the 3 major takeaways which at this stage of our economy seem prudent, specially keeping in mind that we have had a sub 5% growth in the last 2 years.
For IT / ITES / Telecom industry, Setting up of 100 ‘SMART cities’, creating a ‘Digital India’ and developing virtual classrooms(CLICK program) will surely help bridge the Rural – Urban digital divide and provide focus on developing the infrastructure in rural India which is so badly needed. All this is positive news however the budget remains silent on the core issues concerning the Telecom sector. The telecom sector will benefit from these initiatives but better clarity is needed on spectrum sharing rules and not so friendly M&A rules.