Jaideep Mehta,
VP and General Manager,
IDC South Asia
“IDC welcomes the Union Budget as a positive step forward in the government’s efforts to revive the economy and promote economic growth. The emphasis on the infrastructure and manufacturing sectors is particularly welcome as these are foundational for a nation at India’s stage of economic growth. The outlay of Rs. 7060 Crores on Smart Cities will not just push the frontier of urbanisation in India but also create a new set of markets for tech players across the industry spectrum. We estimate a minimum of Rs. 2,000 Crores flowing into the technology sector on the back of this initiative. The e-governance program to inter-link all ministries and departments is welcomed. New employment and wealth creation opportunities will abound in the start up eco-system with the Rs. 10,000 Crore fund created to boost start ups and SMEs.”
