How Budget 2023 can help Indian Startups: Top 5 expectations
India TV NewsBudget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. Among the few expectations and viewpoint that industry professionals put forth from the budget include: As per Ridhima Kansal, Director, Rosemoore, “The Indian start-up ecosystem is no more just a peripheral entity but is becoming the focal point of the overall India Inc. Today India is home to 3rd highest number of start-ups in the world after the USA & China. This will help them get access to easy and smooth capital inflow.” “This funding freeze occurred at a time when India was vying to become the world's next startup capital. Furthermore, given that the Indian economy has begun to recover from the fiscal consequences of the pandemic crisis, the current government will focus on the main goal of planning a budget that promotes overall economic growth.Being from the tech sector, companies are anticipating the manufacturing space will be rewarded for bringing up new technologies and adopting sustainable business practices. This will benefit not only SMEs and startups, but it will also allow banks to deploy underutilised credit limits from the previous two budgets.A startup founders committee should be formed in order to build organised entrepreneurialism and finance education practises for universities, as well as to encourage the next generation of successful entrepreneurs.