Pre budget comments from Pegasystems India

Mr. Suman Reddy Eadunuri, MD Pegasystems India says:

 

This year there is a huge anticipation for the Union budget, as there is a lot of help that the economy is seeking from the new government after more than a year of struggle.

 

From the IT/ITES industry’s perspective, there is a lot that the industry is expecting from budget 2009 such as

·       More investments to improvise the quality of Primary and higher education with greater use of ICT that perhaps brings some changes in how the money is spent and can help in creating industry ready talent on a long term perspective.

·       Extension of STPI benefits for a few more years and streamlining general tax anomalies should be thought through. In general, tax exemptions and relaxations will continue to keep India competitive with respect to the other emerging markets.

·        Security Strengthening is another area that clearly needs more investments and sophistication.

 

As far as the macro issues are concerned, some of the priority points in my opinion would include a strong consideration towards rural development initiatives like irrigation projects, housing schemes and providing Microcredit to spur entrepreneurship among the poor. I would also expect the budget to allocate sufficient funds for improving the educational infrastructure in the interiors of the country and also uplift the existing system throughout the country. All the above mentioned points will definitely boost the employment scenario. Infrastructure is another major concern for a country like ours which every body is talking about and surely is a part of everyone’s budget wish list. Any improvement in infrastructure especially airports, good road network and superior communications will create an environment where more people would want to work and invest in India thus giving the necessary impetus to the economy.

 

Profile of Suman Reddy Eadunuri:

Suman Reddy Eadunuri is the Managing Director of Pegasystems Worldwide India Private Ltd. Mr. Suman is responsible for the overall R&D and the operations of the Indian entity. Mr. Suman has joined Pegasystems in March 2004 and brings with him 12 plus years of experience in IT Industry. At Pega Mr. Suman has been involved in various initiatives in building and expanding the North American Pega Professional Services organization prior to assuming the role of Managing Director for Pegasystems India.

 

Prior to Joining Pegasystems, Mr. Suman has worked with Fortune 100 companies in various capacities with technology as the primary focus.