"The significantly higher allocation for education and health sector and setting up of a new National Skill Development Mission offer a positive signal to the knowledge based industries to contribute to the economic development of the country", says Mr. Kapil Dev Singh, Country Manager of IT intelligence and advisory firm IDC India. 

"The contribution of IT industry to the buoyant Indian economy did not deserve excise enhancement on packaged software and imposition of service tax on custom software", adds Mr. Kapil Dev Singh.