The budget provides chances to TMT sectors. GST roadmap, which claims that GST is going to be implemented by end of year, would result in numerous levels of taxation and avoid litigation. The spending budget encourages local production of electronics solutions. Even though there are not many negative aspects like imposing ten percent traditions duty on specific telecommunication products and support tax on cellular and on line advertising, overall the budget offers positive image. Telecom. The budget offers expansion opportunities to telecom sector to provide enabling Telecom infrastructure. Modernization of cities and providing high speed connectivity to build cities will require roll from new technology like 4G and fiber deployment.
The 24/7 power to all households, rural power infrastructure and focus on solar energy will need telecom infrastructure for building robust and dependable Grids along the entire length and breadth of the country. Mobile banking and the vast business correspondent model of telecom operators will aid in achieving the social goal of financial inclusion. Technology. The focus on electronic Governance, computerization, electronic Visas, FDI in electronic Commerce, electronic classrooms, etc. Will enable the creation of electronic India and provides opportunities to IT and software companies. Additionally, the budget offers support to new start-ups through technology development finance that will promote expansion and proliferation of technology. Media. The new Television and radio stations proposed for farmers, northeast and communities can help to reduce the info and digital divide. Though a number allocations seem modest, the cascading effect of all of the proposals would offer opportunities in the short and medium term for the technology, media, and telecommunication sectors.