As a young company in the young internet sector which caters to the basic aspirations of young people in this country (Jobs, Education, Housing) we want the FM to 1) Give special status to the Internet sector which can be as transformative for the economy in the next ten years as the telecom sector was in the last ten. It can help create hundreds of thousands of new jobs while at the same time help transform and make more efficient virtually every sector of the economy – Business, Governance, Commerce, Communication, Education and Entertainment. The government should extend some fiscal benefits to companies which operate in this space.2) The youth want high quality education and jobs. On the other hand companies continue to face a talent crunch. The FM should increase the allocation for higher and technical education especially in areas like Engineering, Management and Vocational Courses.3) Lastly the more immediate need is to ensure that we keep the wheels of the economy moving. The high rate of inflation we see today is because of a combination of high oil prices and domestic supply side constraints. High interest rates will hurt investment which will result in even more supply side issues going forward. We need to provide easy financing to companies at reasonable interest rates to ensure that infrastructure projects keep moving.
Wednesday, February 23, 2011
Hitesh Obeori, MD & CEO, Info Edge
As a young company in the young internet sector which caters to the basic aspirations of young people in this country (Jobs, Education, Housing) we want the FM to 1) Give special status to the Internet sector which can be as transformative for the economy in the next ten years as the telecom sector was in the last ten. It can help create hundreds of thousands of new jobs while at the same time help transform and make more efficient virtually every sector of the economy – Business, Governance, Commerce, Communication, Education and Entertainment. The government should extend some fiscal benefits to companies which operate in this space.2) The youth want high quality education and jobs. On the other hand companies continue to face a talent crunch. The FM should increase the allocation for higher and technical education especially in areas like Engineering, Management and Vocational Courses.3) Lastly the more immediate need is to ensure that we keep the wheels of the economy moving. The high rate of inflation we see today is because of a combination of high oil prices and domestic supply side constraints. High interest rates will hurt investment which will result in even more supply side issues going forward. We need to provide easy financing to companies at reasonable interest rates to ensure that infrastructure projects keep moving.
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