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Posted by Manish Bahl on March 19, 2012
The Indian government announced its 2012-2013 budget on March 16, 2012. While the announced budget does not contain direct incentives to promote the domestic ICT industry, there will be adequate indirect opportunities for vendors to explore. The excise duty will increase from 10% to 12%; this will have a marginal impact on the sale of PCs (desktops, laptops, and tablets), but the government’s focus on improving infrastructure, creating efficient delivery mechanisms, and improving e-governance will provide substantial indirect opportunities to IT vendors.
The latest budget aims to achieve long-term and inclusive growth for the economy and is in sync with my upcoming report, “India’s 12th National Five-Year Plan (2012-2017) Provides Massive ICT Opportunities.” The report answers questions such as why and how technology will act as a key enabler for the Indian government to achieve its growth target.
The 2012-2013 budget will provide adequate ICT opportunities for vendors, such as:
The Indian government has realized that it cannot put the economy back on the high-growth track with a “business as usual” approach. A radical shift in the government’s approach is required to meet its growth targets. We believe that this shift will be supported by new and innovative delivery models for the deployment of effective technologies. The need of the hour for the Indian government is to adopt the CIO role at the federal and state levels and act more like an enterprise.
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