Budget Reaction: HCL Infosystem

"Budget 2013 is about stability, positivity and I believe is a better budget then last year. This budget has stressed on some vital areas such as youth, education and skill development. Infusion of funds in the education sector without change in education cess, certainly is a step towards the nation's development. Furthermore, employment and productivity were well addressed too, as government plans to promote youth skill development for jobs; exemption of service tax will continue to encourage human development. There was not much spotlight on IT and technology as such but, it's good to see the serious intent of the government to pass a GST law. Moreover, the government's move to modernise and develop infrastructure will be much appreciated by the industry. "

-- Harsh Chitale, Whole Time Director, HCL Infosystems