B2B buyers – Revenue cost Rs . 103 crore , assuming no |
Ÿ |
Increased employment opportunities resulting from |
incremental substitution of imports by domestic production . |
increase in production |
Scenario 2 : Excise Duty of 2 % on domestically manufactured |
Ÿ |
Increase in content generation and innovation : Notebooks |
finished goods with CENVAT credit of the 2 % tax to eligible |
( NBs ) and PCs are expected to continue to be the primary |
|
B2B buyers - Revenue impact Rs . 323 crore , assuming 100 % |
mode of content generation and India is expected to see a |
|
substitution of imports by domestic production . |
sustained demand driven by the IT industry . |
These policy interventions by the government for the IT sector |
Ÿ |
Enhanced competitiveness of exports of IT products from |
would also have the following positive impacts : |
India |
Ÿ |
Help in immediate import substitution |
While the revenue impact is modest , the policy interventions , |
Ÿ |
Increased scale of domestic manufacture of finished |
particularly the fiscal benefits will go a long way in |
products will attract component manufacturers to invest |
encouraging domestic manufacture of these products in India , |
|
and establish their presence in India to meet the local |
in line with the “ Make in India ” and “ Digital India ” visions of the |
|
demand . |
Government . |
Among the World Bank predictions that the year 2016 could |
that India will continue to expand at a robust pace and boast |
be a year of “ perfect storm ” for the world economy and a |
of an economic growth of more than 7 %. |
simultaneous slowdown in the BRICS countries , hope floats |