CEO of Infosys,S Gopalakrishnan said the budget is "reasonably positive" for the IT industry and gave it seven out of ten marks. "I would give seven out of ten",Gopalakrishnan said when asked if the budget would benefit the IT industry. "It's reasonably positive". He said announcements pertaining to reduction in revenue deficit,increased spending on e-governance and infrastructure and the proposal on income tax are positives in the budget. But things like increase in excise duty can have an impact on inflation. Gopalakrishnan said there were expectations that the STPI scheme would be extended to small and medium enterprises but those have been belied.
