According to Partha Iyengar, Country Manager (Research) - India, Gartner, “Overall, the budget is a ‘feel good’ budget. It has a pragmatic and good balance of social programs, industry (large and SME) friendly programs and tax reforms, without going overboard to be populist or ‘politics driven’.”

According to Amitabh Vira- CEO & Founder, NetProphets Cyberworks, “The advent of GST will not only be a short term tool for the government to work on the fiscal deficit but also create a more competitive services sector in the long run. The Indian IT/ITeS industry welcomes this move. This move will also come as a boon to the growing ecommerce sector, since it has been struggling with taxation issues for a while now.

The 1000 crore techno-financial incubation and facilitation programme is a much needed move by the government. Given the current entropy in the startup and tech industry, this will create a holistic platform for new ideas and thoughts to fructify. It would also create the necessary framework to engage our nations huge talent pool. “

According to Mr. Vishnu Dusad, CEO, Nucleus Software Exports Limited, “We congratulate the Finance Minister on presenting a promising and reassuring Union Budget 2015. The focus on startups will surely bring in solutions to some of the most difficult problems making use of the soft infrastructure of Aadhar and open APIs.

 It will encourage bright young minds to work on solutions in financial inclusion, healthcare, education, sanitation and all other sectors of economy. The positive measures that the Union Budget 2015 has focused are a step in the right direction viz.

Banking the Unbanked and Funding the Unfunded, laying an equal emphasis on Financial Inclusion and the Indian entrepreneurial ecosystem. Last year, iSPIRT had shared that given the right direction, India has the potential to build a $100 billion software product industry by 2025 as against around $2 billion currently.

We believe that this budget supports that direction towards setting up a world class IT hub, adding USD 13-14 billion revenues by FY15 and creating employment opportunities for millions. Also, the proposal of setting up a 1,000 crore fund for the Self Employment and Talent Utilisation (SETU) mechanism- a techno-financial incubation and facilitation program is a welcome move that will not only support existing businesses but will also give an impetus to the new ventures in the technology sector, creating over a lakh jobs and create "billions of dollars" in revenue.

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