The union budget for 2016-17 was a mixed bag for the Indian IT industry and start-ups, which witnessed very few proposals with caveats, the industry’s apex body Nasscom said.
“The budget is a mixed for the technology and services sector, as clarification and simplification boost business and more technology adoption in governance is a step in right direction,” Nasscom said in a statement.
“In the backdrop of global economic volatility, there are unmet expectations on policy announcements that enable ease of doing business for our sector. The budget partially covers our wish list on policy bottlenecks, including ease of business, nurturing start-ups, products and e-commerce sector,” Nasscom chairman B.V.R. Mohan Reddy said.
On Finance Minister Arun Jaitley’s stress on leveraging technology to transform India, Nasscom president R Chandrashekhar said, “The initiatives in the budget will help to implement Digital India programme and provide effective citizen services.”
“The government should build a public-private partnership model for technology adoption across small and medium businesses, land record modernization, Aadhar adoption and procurement platforms,” he added.