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| Seven out of ten, says Infy CEO S Gopalakrishnan |
| Press Trust of India / Bangalore Feb 26, 2010, 15:31 IST |
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Infosys CEO S Gopalakrishnan on Friday said the Budget is "reasonably positive" for the IT industry and gave it seven out of ten marks.
"I would give seven out of ten", Gopalakrishnan said when asked if the Buget would benefit the IT industry. "It's reasonably positive".
He said announcements pertaining to reduction in revenue deficit, increased spending on e-governance and infrastructure and the proposal on income tax are positives in the Budget.
But things like increase in excise duty can have an impact on inflation.
Gopalakrishnan said there were expectations that the STPI scheme would be extended to small and medium enterprises but those have been belied.
Meanwhile, Wipro's Executive Director and Chief Financial Officer Suresh Senapaty said that from an IT perspective, it is heartening to see the government's resolve in leveraging technology for e-Governance, GST implementation and tax administration.
"Clarifications on Section 10AA and continued encouragement for SEZ will go a long way in promoting exports," he said.
President, India and SAARC, EMC Corporation, Manoj Chugh said the continued focus on deployment of Information Technology for mission mode projects like commercial taxes augur well.
"Increased budget for the UID and the formation of the technical advisory group under the able leadership of Nandan Nilekani is laudable. We are also happy to see significant enhancement in funding for education and rural and urban infrastructure, which will drive demand for Information Technology", Chugh said.
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