Budget Reactions

Vimesh Avlani, Managing Director at Graftronics

Overall Budget seems to be very positive and strong.

“This Budget Definitely Favours New Age Digital Economy”

“The Union Budget 2021, is encouraging , forward looking and would ensure the necessary boost to the Digital India Vision. The Budget duly recognises the transformational impact of emerging technologies such as AI, IOT, Big data, Cybersecurity, ML and Robotics on the economy.

MSME redefinition and incorporation of start-ups made it easier. Enabling one-person companies is a huge step forward for encouraging start-ups in India as it provides more flexibility for entrepreneurs.

Businesses not taxed and for SI doing business up to turnover 10 Cr get relief from IT Audit
Overall Growth Oriented Budget , need patients to see India’s Growth.

Government Need to also focus on IT Equipment manufacturing in India.

Very much required to loosen dependency for import sp. from China.

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