Amar Babu, Managing Director, Lenovo India on the BudgetTeam YS
The Government’s Union Budget 2010 underscores the focus on development, especially on infrastructure, rural development, urbanization and social welfare, aiding India’s development and further stimulating the vital industrial sectors. The attention on e-governance with the UID project and the Technology Advisory Group indicates the Government’s continued move to leverage Information Technology in critical projects. It is also setting an example by generating thrust in the renewable energy sector. Spends allocation in the SME sector is welcomed, as that will allow for the sector to invest in IT for productivity and competency. Assigning GST will help clarify pricing norms and duty structures across the board. The budget concentrates on the sustained growth and momentum in the industry, and is welcomed.