To achieve this vision, sustained momentum, supported by strong policies and unwavering commitment from the government, industry leaders, and economic institutions, is essential. While Finance Minister Nirmala Sitharaman's financial reforms, along with the abolition of angel tax announced in the Union Budget 2024, exemplify the government's dedication to fostering an entrepreneurial environment, the upcoming budget needs to focus on sustainable growth and innovation, empowering startups, promoting research, and facilitating capital infusion.
Catalysing Startups
Abolition of the angel tax, announcement of GIFT city, and others have acted as catalysts for the startup ecosystem, encouraging early-stage investments and fostering innovation. Tax incentives, streamlined regulatory frameworks, and access to international capital markets, make India an attractive destination for startups, especially in fintech and tech-driven sectors.
Strengthening the Domestic Capital Pool
This story is from the January 25, 2025 edition of BW Businessworld.
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This story is from the January 25, 2025 edition of BW Businessworld.
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