Union Budget 2015: Hits and misses for IT & ITES sector, e-governance schemes

The Indian IT and ITES sector is estimated at $119 billion with $98 billion in exports alone and the rest being domestic. The sector employs around 4 million people directly.

twitter-logo Venkatesha Babu        Last Updated: February 28, 2015  | 14:38 IST
What the Budget got for IT & ITES sector, e-governance schemes

The Indian IT and ITES sector is estimated at $119 billion with $98 billion in exports alone and the rest being domestic. The sector employs around 4 million people directly.

Here are the key announcements from Finance Minister Arun Jaitley's Budget 2015-16 speech -

HITS

 

  1. Encouragement to cashless transactions expected to provide a boost to IT vendors.
  2. Direct benefit transfer leading to better e-governance, again likely to benefit IT vendors.

UNION BUDGET 2015-16:Key highlights | Full Coverage

MISSES

 

 

  1. Lack of greater clarity on the Digital India initiatives.
  2. No follow up on the smart cities announcement made in the last Budget.

 

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close