Budget Reaction: Nokia India

"The Finance Minister has tried to balance the need for inclusive growth and curbing deficit. He has provided resources for infrastructure and social development, which is good for the long term.

Specific to mobile industry, the Government's decision to keep concessional excise duty of 1% intact on mobile phones in the sub Rs. 2000 category is welcome. However, we would request the Finance Minister to roll back excise duty increase on mobile phones beyond Rs. 2000, as mobile phones are the primary mode of access to information and services; a tool for learning, development and income generation for the youth and non urban consumers.

It is likely to increase sale of grey, unbranded sub standard handsets which is not good for the consumer, industry and exchequer."

-- P. Balaji, VP and Managing Director, Nokia India