Pre-Budget expectation 2015-16 by Mr. Nikhil Pathak – VP & Country General Manager – India & SAARC, IT Business – Schneider Electric India
The upcoming budget is likely to look into the tax burden being faced by companies as well as individuals. The tax relief for companies is required to boost confidence in them to invest back in the country while respite for an individual will encourage savings. However, for the success of the Make in India campaign, it is imperative for the government to revive the investment flow to enhance IT sector and to highlight India as a major investment hub. Digitization of Industry leading to IT skill enabled manpower requirement is imperative. There is also a necessity to look at establishing a predictable and easy tax structure, as it will help in the construction of infrastructure for large data centres in India and also to encourage large software products companies grow within the country.
