Pre-Budget Quote from Mr. Sameer Kanodia – Managing Director and CEO of Lumina Datamatics Limited

“The global economic outlook is not very favorable. A recession and hence slowdown appears to be in the cards. The Indian current account is in deficit. Hence, we need to encourage exports. The government ought to lower the interest rate relating to exports. Consumers are absorbing content more rapidly than in the past. While print, the traditional method, of content consumption is mature, the digital format is growing exponentially. This trend is expected to continue.The world of eCommerce is growing very rapidly. Thanks to digital technology, one is able to purchase goods and services remotely. Online is the future because it is a more efficient supply chain. The budget should not discourage eRetail.”