Pre budget expectation: What entrepreneurs, startups and industry leaders want - Express Computer
31 Jan 2019 10:45 PM GMT
Here is a small snapshot of different expectations and suggestions from startups and industry leaders
- Here is a small snapshot of different expectations and suggestions from startups and industry leaders: Rajan Navani, Vice Chairman and Managing Director, JetSynthesys, and Chairman of the Confederation of Indian Industry (CII) National Council on Future Businesses
- The entrepreneurial aspirations in India have also gained significant momentum led by initiatives like Startup India, Digital India and followed by the growth of incubators, accelerators and co-working spaces creating an enabling ecosystem to support startups.
- The one key expectation of startups from the budget is complete clarity and consistency on angel tax which has caused unprecedented levels of discomfort both for startups and angel investors.
- If not addressed this can cause a complete collapse of initial financial support for startups to start thereby making the entire startup India initiative redundant.
- The 2018-2019 budget must enable holistic infrastructural development to aid the industry’s growth and fulfil the Government’s Digital India initiative.
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