Budget 2022: Incentivise tech adoption among small and medium businesses
2 years, 10 months ago

Budget 2022: Incentivise tech adoption among small and medium businesses

Firstpost  

Union Budget 2022-23: Govt should also look at doing away with mandatory GST registration for businesses with a turnover of less than Rs 40 lakh The Small and Medium Business sector is among the most important sectors of the economy. Incentivise tech adoption among SMBs The Budget presents a good opportunity for the government to incentivise tech adoption among SMBs. Govt should assist startups Despite a great performance, the Indian startup industry faces two major challenges: many unicorns in India lack a compelling revenue base and require fund infusions to survive; and the need to speed their digital transformation using technology and platforms. As a result, the government should consider assisting startups in 2022 through policies and support mechanisms that encourage domestic capital participation, a favorable investment climate in tier 2 and tier 3 cities, incentives to establish incubators in every state, tax exemptions on foreign direct investments, and a strong focus on startup infrastructure development.

India Tech Tax Budget Startup Indian Startups Small Businesses Sector Businesses Small Look Indian Startups Smbs Incentivise Tech Adoption  budget  startup  look  smbs  tech  incentivise  adoption  startups  2022  medium  small  sector  india  businesses  tax  indian

History of this topic

Innovating India: Crafting the world's leading startup ecosystem
1 week, 1 day ago

Innovating India: Crafting the world's leading startup ecosystem

Hindustan Times  

India is on a transformative journey to establish itself as the startup capital of the world, driven by a vibrant entrepreneurial spirit, visionary policies and a growing digital ecosystem. India’s startup ecosystem is the third-largest in the world, comprising over 100 unicorns and a plethora of promising ventures across sectors such as fintech, health tech, agritech and deep tech. The …

Public procurements may come with startup quotas
2 weeks, 6 days ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

India’s startup scene is picking up speed again
1 month, 1 week ago

India’s startup scene is picking up speed again

Hindustan Times  

Visitors to Bangalore, India’s tech hub, quickly learn why locals measure distances in minutes and not kilometres. India’s startup scene has had a difficult few years, as funding dried up and once high-flying firms crashed back down to earth. In January the banking arm of Paytm, an Indian fintech giant, was ordered by India’s central bank to stop all services …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024
11 months, 1 week ago

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024

India Today  

2023 was a marvelous year for the Indian Space Industry with the successful launch of Chandrayaan-3 and the Aditya-L1, India’s first solar mission. Indian space startups have become a strong pillar for the private space industry in the last decade, especially after the landmark decision to open the Indian space sector to private companies by Prime Minister Narendra Modi in …

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?
1 year ago

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?

Live Mint  

Indian startups have reported around 73% decline in funding this year as compared to 2022. In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

Starting your own business? These govt schemes can support your startup in India
1 year, 6 months ago

Starting your own business? These govt schemes can support your startup in India

Live Mint  

In this era of startups, India is leading the world as the country has created a robust ecosystem for businesses and entrepreneurs. List of schemes launched to help Indian startups 1) Multiplier Grant Scheme: The Department of Electronics and Information Technology initiated the Multiplier Grant Scheme to empower collaborative research and development among industries which helps to boost the growth …

Prompt action ensured Indian startups were not impacted by SVB crisis: Govt
1 year, 8 months ago

Prompt action ensured Indian startups were not impacted by SVB crisis: Govt

Live Mint  

Amid the Silicon Valley Bank collapse making global headline, Union Minister Ashwini Vaishnaw on 27 March said that government's prompt action to help Indian startups after the aftermath ensured they were not adversely impacted by the 'minor crisis'. The entire startup community to think of the Indian banking sector as their trusted partner, he said, adding, the rapid strides taken …

Silicon Valley Bank Crisis: How India Can Save Its Fledgling Startup Ecosystem
1 year, 9 months ago

Silicon Valley Bank Crisis: How India Can Save Its Fledgling Startup Ecosystem

The Quint  

With more than 5,000 funded start-ups having raised over USD 135 billion in capital investment, India boasts of the third largest startup ecosystem in the world, which has also spawned more than 100 unicorns. While e-commerce and fintech have received more than half of the total investment, enterprise tech, Edutech, health-tech, and other sectors have seen many startups growing into …

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision
1 year, 10 months ago

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision

Deccan Chronicle  

The technology-driven Rs 45 trillion spending Budget 2023-24 includes a futuristic “Amrit Kaal” for women, youth, members of the marginalised communities, productivity improvements, energy transition, climate action, investment finance, and major public sector investments in infrastructure led by the Prime Minister’s Gati Shakti. CII has established Intellectual Property Rights facilitation centres in different parts of the country to help SMEs …

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy
1 year, 10 months ago

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy

Firstpost  

With emphasis on AI, 5G and technology and a focus on Green Growth, the Union Budget 2023-24 has emphasised on creating opportunities with sustainability. This is a very forward-looking budget and will most certainly help key stakeholders utilise opportunities for higher growth Finance Minister Nirmala Sitharaman presented a blueprint for an improved economy and reiterated her intention to bring the …

Budget 2023 | Government extends support measures for start-ups
1 year, 10 months ago

Budget 2023 | Government extends support measures for start-ups

The Hindu  

Asserting the importance of entrepreneurship for the economic development of the country, Finance Minister Nirmala Sitharaman on Wednesday proposed to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024. India is now the third-largest ecosystem for start-ups globally and ranks second in innovation and quality among middle-income countries,” Ms. …

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners
1 year, 10 months ago

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners

Firstpost  

The Indian startup ecosystem has progressively matured in recent years owing to an overwhelming number of angels, venture capital funds, incubators, and accelerators, as well as government interventions such as Digital India and Startup India, which have accelerated the startup and investment activity across cities and new market segments. Here is what startups and investors expect from the union budget …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 10 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation
1 year, 10 months ago

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation

Firstpost  

The year gone by would be remembered as a marquee year for the technology space, especially smart wearables, from an innovation and adoption standpoint in India. Attention to diversifying the vast pool of Indian talent will also help create new cutting-edge differentiation in the startup sector, enabling India to take center stage in the global ecosystem. Creating an ecosystem for …

US venture capitalists hope Budget 2023 supports growth, startup ecosystem
1 year, 10 months ago

US venture capitalists hope Budget 2023 supports growth, startup ecosystem

Business Standard  

US venture capital firms investing in India are expecting the Union Budget 2023 to support the growth and development of the startup ecosystem in the country, according to a top investor. As a US-based venture capital firm investing in India, we are keenly interested in policies and initiatives that will support the growth and development of the startup ecosystem in …

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist
1 year, 10 months ago

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist

ABP News  

India is home to the world’s third-largest start-up ecosystem after the US and China. "We are expecting additional tax benefits and lower tax rates and extending the scope of employee stock ownership plan taxation reforms to start-ups," said Lalit Arora, co-founder, VingaJoy, a firm that deals with consumer electronics. Shilpa Bhatia, founder, The Clothing Rental, an e-commerce portal said, “The …

India’s SaaS companies to reach $35 billion by 2027: Report
1 year, 10 months ago

India’s SaaS companies to reach $35 billion by 2027: Report

The Hindu  

India’s Software as a Service companies are expected to share 8% of the global SaaS market, and reach $35 billion by 2027, despite prevailing market headwinds, report said. The industry is growing 20% to 25% per year, driven by proliferation of new SaaS companies and supported by investors who are allocating increased capital to SaaS companies, across stages, according to …

How Budget 2023 can help Indian Startups: Top 5 expectations
1 year, 11 months ago

How Budget 2023 can help Indian Startups: Top 5 expectations

India TV News  

Budget 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 …

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives
2 years ago

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives

ABP News  

Union Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022-23 on February 1, 2022. Hence, a natural expectation for most of India's population from Budget 2023 is to see a range of positive income tax changes to support households who have been hit by rising costs. There is palpable anticipation around the upcoming Budget 2023, which must …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

India’s startup ecosystem should adapt to tight money conditions
2 years, 3 months ago

India’s startup ecosystem should adapt to tight money conditions

Live Mint  

India has emerged as the third largest startup ecosystem in the world, with 107 unicorns with a total valuation of $340.79 billion, as of 7 September 2022. The reason for such a ‘funding winter’ is to be traced to global macroeconomic developments, especially changing interest rate regimes between 2020 and 2022. The Fed also provided forward guidance on the future …

India witnesses a massive 15,400% rise in startups in last 6 years
2 years, 4 months ago

India witnesses a massive 15,400% rise in startups in last 6 years

Live Mint  

India registered a whopping rise of 15,400% in the number of startups that rose from from 471 in 2016 to 72,993 as on 30th June 2022. In a written reply to a question in the Rajya Sabha, Union Minster of State for Commerce and Industry Som Prakash stated that the Startup India initiative was launched in 2016 with the objective …

Union Budget 2022: What start-up companies and MSME sector are expecting this year
2 years, 10 months ago

Union Budget 2022: What start-up companies and MSME sector are expecting this year

Firstpost  

The pandemic disrupted the world and life as we knew it, changed. As we get closer to the announcement of the government’s financial budget for the nation, I would like to highlight my expectations for the start-up environment and the MSME sector which is the medium-sized enterprises and how the government could focus on the taxation, funding or enabling cash …

Budget 2022: GST Cut, Incentives Likely for Startups and MSMEs? What Analysts Say
2 years, 10 months ago

Budget 2022: GST Cut, Incentives Likely for Startups and MSMEs? What Analysts Say

News 18  

Budget 2022 Expectations: Prime Minister Narendra Modi had earlier this month dedicated a special day for startups, to celebrate them and their success in taking India to new global heights. “In an effort to continue the economic growth of the country, we hope the Government will lower the interest rates and make higher capital availability to MSMEs as they are …

Central Govt Announces First-Ever Startup India 'Innovation Week'
2 years, 11 months ago

Central Govt Announces First-Ever Startup India 'Innovation Week'

News 18  

The Centre will organise the first-ever Startup India “Innovation Week” from Monday to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the …

Investments in Indian SaaS grew 170% this year
3 years ago

Investments in Indian SaaS grew 170% this year

The Hindu  

Investments in Indian Software as a Service rose to $4.5 billion in 2021, growing 170% from 2020, driven by a surge in the number of $50 million + deals, according to a report released yesterday by Bain & Company, a global consultancy firm. The report titled 'India SaaS Report 2021: SaaS companies will lead India’s next wave of technology giants', …

Neither Cyber Coolie nor Body Shopper, IT Industry Has Earned Indian Passport Global Respect
3 years ago

Neither Cyber Coolie nor Body Shopper, IT Industry Has Earned Indian Passport Global Respect

News 18  

An Indian becoming the CEO of Twitter has once again raised questions around Indian economy, opportunities for Indians in India and the IT industry. You can’t compare the opportunities that a $22-trillion economy with 330 million people and a per capita GDP of around $66,000 will provide with a $3-trillion economy with 1.38 billion people and a per capita GDP …

When space is more than rocket science
3 years, 9 months ago

When space is more than rocket science

Live Mint  

Space is not easy. More than 50 years later, as India celebrates National Science Day on 28 February, Isro’s PSLV-C51 launch will mark a new beginning for the country’s commercial and private space sectors. Isro’s 53rd PSLV mission, the PSLV-C51 is the first dedicated commercial mission of NewSpace India, set up in 2019 as a commercial subsidiary of the space …

India is in the middle of a much-needed start-up revolution
4 years, 1 month ago

India is in the middle of a much-needed start-up revolution

Hindustan Times  

Five years since Prime Minister Narendra Modi launched the Start-Up India initiative, we are witnessing a golden chapter in the history of Indian entrepreneurship. India now has 38,756 officially-recognised start-ups –– with 27 unicorns, eight of which achieved this status in 2020 –– and is the third-largest tech start-up hub globally. The Atal Innovation Mission, Niti Aayog, has built an …

Discover Related