Budget 2016 mixed bag for IT, start-ups: Nasscom

Budget 2016 mixed bag for IT, start-ups: Nasscom

Naascom stated that the budget 2016-17 was a mixed bag for the Indian IT industry and start-ups. The budget is a mixed package for technology and service sector as it boost business and more technology adoption in governance towards right direction. The government promotes the nascent sectors as part of the startup India action plan. Naascom chairman stated that “In the backdrop of global economic volatility, there are unmet expectations on policy announcements that enable ease of doing business for our sector. The budget partially covers our wish list on policy bottlenecks, including ease of business, nurturing start-ups, products and e-commerce sector.’

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