Budget Reaction: NetApp

"At the outset I commend and support the FMs vision of making India a stronger global economic superpower in the medium term. Measures such as creation of a standing council for the financial sector to advise on costs of doing business in India, alongwith the announcement of 15% tax allowance for investments over Rs 100 cr , demonstrate the intent. And I am hopeful of more strides in this direction

While this year's budget can be viewed by some as a moderate one, I believe it is a positive one, in view of the economic conditions. It focuses on enabling faster, sustainable and more inclusive growth as well introduced some key reforms for promoting overall economic development. Definitive measures around fiscal consolidation especially the announcement of the GST law and allocations towards CST compensation, are very welcome.

Overall, there is the much needed focus on infrastructure growth, while the continued focus on financial inclusion is heartening. The stress on education remains rightfully unabated, with fresh allocations in this sector along with special focus on skills development, and incubation of innovation.

It has been a tightrope, as our Prime Minister rightly put it, but this years budget is a job well done."

--Anil Valluri - President, India & SAARC Operations, NetApp