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The Indian economy has been one of the better performers in the world in recent years. However, driving growth in challenging times is the agenda of the government at the moment.

For India to lead the global economy, the need of the hour is incentives that will attract more investments and create a cascading effect resulting in growth and inclusion. The extension of the tax holiday for at least three more years beyond 2010 wou ld enable the IT sector to compete with other countries globally. These incentives should especially help the small and medium businesses, a key growth sector that accounts for 40 per cent of the exports from software technology parks. Incentives for the infrastructure sector — alongside the government’s focus on public-private partnerships — will set the stage for long-term growth.

A tax holiday incentive being introduced for the infrastructure sector at large, for power projects, and other large-scale development initiatives, would increase commitment from the industry leaders in these spaces to play more active roles.

Naresh Wadhwa, President &

Country Manager - India

and SAARC, Cisco

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