The Budget 2018 announcement leans slightly more favourable to agriculture and the other related sectors in comparison to Telecom this year. However, we do welcome the Finance Minister’s decision of allocating Rs 3794 crores to the MSME sector. This will largely fuel financial aid and innovation among enterprises for their day-to-day functioning. Additionally, setting up of an aspirational skill centre in every district of the country is a well thought of decision towards the current employment scenario.
Speaking of the Telecom industry specifically, increase on customs duty on the import of mobile phones may lead to an unwelcomed impact keeping in mind the Digital India initiative. On the flip side, amends to increase the broadband access among rural citizens well help boost on-the-go content usage. The Budget 2018 also announces the focus of technology in digital education. This will now pave way for telecom content operators to explore and tap more educational content; a genre that has not seen maximum mileage up until now.