1 min read

​Post Budget ​Reactions By ​​Mr. Ajit Patel, CEO & Founder Of N-Gage

“The devil lies in the detail, but overall the Union Budget 2016-2017 sounds exciting and promising for the IT and Mr. Ajit Patel, CEO & Founder of n-gageIT related industries. Governments ambitious announcement to achieve 100% village electrification by 1st May, 2018 and a new Digital Literacy Mission Scheme for rural India to cover around 6 crore additional household within the next 3 years is commendable.

The allocation of Rs. 1804 crore for skill development and the proposed 1500 Multi Skill Training Institutes to be set-up, will definitely boost the employable population and generate more jobs for rural youths and in turn would help release the pressure in urban cities for want of employment.

Also, the government has spoken about IPR, which will go a long way in providing boost to R&D by companies focusing on innovation and technology.

India has about 400 million internet users, most of whom use the internet via mobile devices and roughly 250m own smartphones. We need to have a robust mobile and broadband infrastructure and transparent IT policy, to provide the necessary boost to Indian IT. There should be absolute clarity on the taxation and regulatory system with favourable IT policy framework to encourage entrepreneurs.

In India the internet connectivity is too slow and again there is a huge divide in urban and rural. The government needs to act quickly on the spectrum allocation to telecos, so that they can provide better broadband service, which is turn will fuel the Indian e-commerce eco-system, ultimately contributing to the Indian GDP and also boost Indian economic growth, which is currently predicted between 7 % and 7.5 %.

The government is already taking steps towards digitisation, but more focus is needed on getting the plans implemented really fast.