After the declaration of the national budget for 2008-09, small and medium IT enterprises get disappointed, as there is not much scope to enhance growth prospects of the IT industry.
The National Association of Software and Services Companies (Nasscom) showed extreme distress as Finance Minister P. Chidambaram did not remark on extending the Software Technology Parks of India (STPI) scheme.
The STPI scheme that offers up tax exemptions for the IT industry expires on March 31, 2009.
New Delhi, Feb 29 : Union Finance Minister P Chidambaram today said that there is an investment boom in the economy and that the budget aimed at further fuelling the country's growth story.
Chidambaram told reporters here that the Finance Ministry has tried to live up to the expectations of the 'target' sectors like health, education, deprived, social security, women, children and farmers.
He also said that these measures are likely to spark off a new investment boom in the country.