NEW DELHI: Finance Minister Arun Jaitley is all set to present the Union Budget for 2016-17 on February 29.This would be his second full-year Budget. So all eyeballs on his briefcase, what Jaitley is going to present for India.
Let’s go through Balakrishnan K., MD & CEO, Servion Global Solutions expectations from Jaitley
In this past year, the government has driven several new initiatives such as Start-up India and Make-In-India. The IT and Electronics industry can play a key role in the success of these initiatives and the government should continue to focus on them by providing the necessary incentives, legal/tax framework and infrastructure support.
This can provide a boost to the investment towards innovations, thereby creating a vibrant start-up community and new manufacturing investments.
The government should also increase investments in improving broadband connectivity as this could have multiplier effect on the overall economy.
With further emphasis on Digital India and e-governance, we also look forward to a more digitally rich interaction between the government and consumers, with improved IT infrastructure and increased technology adoption in the country.