InvestorQ : Do you see any benefits from the Budget 2020 for telecom companies and for IT companies and which segment to bet on?
Mitali Bhutta made post

Do you see any benefits from the Budget 2020 for telecom companies and for IT companies and which segment to bet on?

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Dawn Cherian answered.
1 year ago
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The Budget plan to further developing Bharat Net (Bharat Broadband Network) will be an ambitious program to bring broadband to villages. The government will look to allocate close to Rs.6000 crore for the project and Reliance Industries with its strong telecom infrastructure franchise could be a key beneficiary. Let me now turn to Information Technology. Budget announced a policy to permit private sector to build data centre parks. That has the potential to benefit mega IT firms like TCS, Wipro, HCL Technologies, Tech Mahindra etc. Even Reliance could benefit from such a development.

Let me also talk about a subset of IT, which is the area of online education. If you look at the budget, online educators have got significant attention. The budget allocated an outlay of Rs. 993 billion in 2020-21. The establishment of degree-level, full-fledged online education programs to be offered by institutions that are ranked within the nation’s top 100 will see online educators like NIIT benefit in a big way.

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