Seven out of ten, says Infy CEO S Gopalakrishnan

Bs_logoImage
Press Trust of India Bangalore
Last Updated : Jan 20 2013 | 12:36 AM IST

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.

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 26 2010 | 3:31 PM IST