Skill development also got a special mention in the budget aiming the youth to be entrepreneurs rather than job seekers. This was followed by the announcement on supporting the startups. For IT sector, this announcement will for sure be a boosting one.

The rationalisation of service tax by including education cess is a good move. The increase will however impact our software sales. The lack of infrastructure development was a concern and it is well addressed in this budget with clear road maps and allocation. This will contribute to the overall development of the country. Reduction in corporate tax is also encouraging.  The affirmation in the speech of Finance Minister Mr. Arun Jaitley, addressed the lost confidence among corporate India."

According to Ravi Swaminathan Managing Director, AMD India & Corporate Vice President, AMD South Asia, “The announcements made in Union Budget 2015 is certainly a step in the right direction to boost growth of the technology sector and also further drive investments.

The exemption of all special additional duty (SAD) on inputs/components used in the manufacture of personal computers is a significant step towards integrating India into the global supply chain enhancing the technology capabilities in hardware.

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