Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth
4 years, 11 months ago

Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth

Firstpost  

To reduce startup ‘infant mortality’ and encourage angel investments, risk-taking, creation of jobs, it is hoped the government will allow for tax exemption for amounts invested in accredited startups. The government has acknowledged that the startup sector has a significant role to play in achieving its projected target of transforming India into a $5 trillion economy by 2025. To reduce this and encourage angel investments, risk-taking, creation of jobs, we hope the government will allow for tax exemption for amounts invested in accredited startups. India is the third-largest startup ecosystem in the world and will play a crucial role in the country’s growth ahead.

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History of this topic

Igniting entrepreneurship for India’s growth
2 weeks, 3 days ago

Igniting entrepreneurship for India’s growth

Hindustan Times  

India is on the brink of a transformative era. As a powerful job multiplier, entrepreneurship is critical for meeting India’s need for one crore new jobs annually, addressing the brain drain, and leveraging India’s demographic dividend for sustainable growth. Additionally, India’s six crore micro, small, and medium enterprises hold vast potential—if just 10% of them added 1-2 jobs annually, they …

Innovating India: Crafting the world's leading startup ecosystem
3 weeks, 4 days 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
1 month, 1 week 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, 3 weeks 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 …

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
5 months, 2 weeks ago

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi

New Indian Express  

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. He stated that the Government, to build a strong ecosystem for nurturing innovation, startups, and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on January …

Budget 2024: Abolition of angel tax will improve startup ecosystem, foster innovation in Odisha
5 months, 2 weeks ago

Budget 2024: Abolition of angel tax will improve startup ecosystem, foster innovation in Odisha

New Indian Express  

BHUBANESWAR: The startups have much to cheer about the announcements made by Union Finance minister Nirmala Sitharaman on Tuesday. Addressing a long-standing demand, she introduced significant reforms, including abolition of angel tax for all investors, to support small businesses and foster innovation. “The abolition of the angel tax for all classes of startup investors could be a game-changer for the …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months, 2 weeks 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, …

Interim Budget enthuses startups with extension of tax expiry exemption by a year
11 months, 1 week ago

Interim Budget enthuses startups with extension of tax expiry exemption by a year

The Hindu  

Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some International Financial Services Centre units are …

National Startup Day: Visionaries speak on new ventures’ role in driving growth
11 months, 3 weeks ago

National Startup Day: Visionaries speak on new ventures’ role in driving growth

Live Mint  

National Startup Day: In recent years, Indian startups have experienced extraordinary growth, propelling the country to the position of the third-largest startup ecosystem globally. Celebrating National Startup Day on January 16, key figures in the startup ecosystem shared insights on the crucial role the new ventures played in shaping India's future. India recorded over 112,718 DPIIT-recognised startups spanning 763 districts …

Modinomics And Rising India
1 year ago

Modinomics And Rising India

News 18  

The International Monetary Fund recently called India a star performer, with India projected to contribute 16 per cent to global growth. The October 2023 IIP data also showed that the output of primary goods logged an 11.4 per cent growth compared to 2.1 per cent in the year-ago period. Speaking of India’s GDP, real GDP or GDP at constant prices …

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget
1 year ago

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

Live Mint  

Budget 2024: India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. {{^adFree}} {{/adFree}} India has emerged as the third largest ecosystem for startups globally with more than 1,16,679 DPIIT-recognized ventures across the country, according to data available on the Startup India portal. “This will be the first budget after the …

Startups to play key role in India becoming third largest economy: CEA Anantha Nageswaran
1 year, 1 month ago

Startups to play key role in India becoming third largest economy: CEA Anantha Nageswaran

Live Mint  

Chief Economic Advisor Anantha Nageswaran has said that startups will play an important role in India achieving its developmental aspirations and becoming the third-largest economy in the world Chief Economic Advisor Anantha Nageswaran has said that startups will play an important role in India achieving its developmental aspirations and becoming the third largest economy in the world, PTI reported Sunday. …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 3 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 …

India’s Youth And Government Policies Helped India Become World’s Third-Largest Startup Ecosystem: PM Modi
1 year, 4 months ago

India’s Youth And Government Policies Helped India Become World’s Third-Largest Startup Ecosystem: PM Modi

ABP News  

Applauding the youth of the country, Prime Minister Narendra Modi credited their strength behind India becoming the third largest startup ecosystem in the world. Their strength has helped India become the third-largest startup ecosystem in the world.” VIDEO | "I have faith in the power of youth, the youth has capability, and our policies and rituals are meant to give …

Startups in India will increase by 10 times in next 4-5 years: Rajeev Chandrasekhar
1 year, 5 months ago

Startups in India will increase by 10 times in next 4-5 years: Rajeev Chandrasekhar

India TV News  

Startups in India: Startups and unicorns in India will witness substantial growth in the coming 4-5 years, and startups will increase by 10 times, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said. In his address at the JIIF 6th Foundation Day and Investors/Startup Conclave in Hyderabad, he highlighted India's remarkable progress in building unicorns and startups, and …

Starting your own business? These govt schemes can support your startup in India
1 year, 7 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 …

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 | Government extends support measures for start-ups
1 year, 11 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. …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 11 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

Citizens\' expectations of the budget
1 year, 11 months ago

Citizens\' expectations of the budget

Deccan Chronicle  

With Union finance minister Nirmala Sitharaman all set to present the Budget on Wednesday, experts speak of their expectations. With India preparing to increase its spending towards the public health expenditure sector to 2.5 per cent of GDP by 2025, this sector can see a record increase. Nabhan Mahmood, real estate businessman Our recommendations to the ministry of finance include …

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners
1 year, 11 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: Tax exemptions, subsidies, and other financial support needed to support crypto sector
1 year, 11 months ago

Budget 2023: Tax exemptions, subsidies, and other financial support needed to support crypto sector

Firstpost  

The crypto sector in India needs urgent support from regulators to create a business-friendly environment for the growth of blockchain companies. Allow investors to offset, carry forward losses To provide a fair playing field for crypto assets, allowing crypto investors to offset and carry forward their losses, as well as raising the TDS exemption limit to a reasonable level, would …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 11 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, 11 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 …

'Budget 2023 Expected To Build On Reforms Agenda To Ignite Engine of Entrepreneurship, Job Growth'
1 year, 11 months ago

'Budget 2023 Expected To Build On Reforms Agenda To Ignite Engine of Entrepreneurship, Job Growth'

News 18  

The Union Budget is one of the most-awaited documents presented by the government. However, with inflation and with post-pandemic recovery boosting tax revenues, it is expected that the central gross fiscal deficit will be contained at the target of 6.4 per cent for this fiscal year. In the previous Budgets, the FM had opted for a longer fiscal consolidation path, …

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 …

Involvement Of Youth In The Innovation Process In India
1 year, 11 months ago

Involvement Of Youth In The Innovation Process In India

Live Law  

As stated by the Prime Minister of India ‘Innovation is the key to realizing the dream of a new India’. The focus of these programmes is to advocate for skills to improve young people’s transitions to decent work and to highlight the crucial role of skilled youth in addressing today’s challenging global issues. In 2018, as part of the UN …

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 …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

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, 5 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 …

India Inc could play a lead role in our economy’s global emergence
2 years, 5 months ago

India Inc could play a lead role in our economy’s global emergence

Live Mint  

As India celebrates its 75th year of Independence with the Azadi ka Amrit Mahotsav, we stand at the cusp of a new emerging world order. As former PM Manmohan Singh had commented, “The brightest jewel in the British crown was the poorest country in the world in terms of per capita income at the beginning of the 20th century.” Post-independence, …

Google launches Startup School India, targets 10,000 startups in small cities
2 years, 6 months ago

Google launches Startup School India, targets 10,000 startups in small cities

India Today  

Google launched the Startup School India initiative today, July 6, which aims to gather relevant information on startup building into a systematic curriculum to help 10,000 startups in Tier 2 and Tier 3 cities. An effective product strategy, product user value, designing apps for the next billion users in markets like India, and user acquisition are just a few of …

Providing a clear vision, roadmap to the youth vital: Telangana CM
2 years, 6 months ago

Providing a clear vision, roadmap to the youth vital: Telangana CM

The Hindu  

Chief Minister K. Chandrasekhar Rao, on Tuesday, said that as India gets set to celebrate its 75th anniversary of Independence, it was important to provide a clear vision and roadmap to the country about its future, especially to the youth. We wanted to build an India known equally for its entrepreneurial and technology capabilities.” The Chief Minister, while speaking after …

India Needs 10 Lakh Start-ups To Generate 1 Crore Employment: Report
2 years, 7 months ago

India Needs 10 Lakh Start-ups To Generate 1 Crore Employment: Report

ABP News  

New Delhi: Indian start-ups have created more than 7 lakh employment across the country to date since the government rolled out the Startup India initiative on January 16, 2016. according to CMIE data, unemployment in the country hovers at 7.3 per cent in May, 2020, which means 7.3 per cent of the country’s workforce is jobless. The rate of unemployment …

Delhi Startup Policy to Be Notified Soon, Attempt to Turbocharge Existing Ecosystem: Jasmine Shah
2 years, 8 months ago

Delhi Startup Policy to Be Notified Soon, Attempt to Turbocharge Existing Ecosystem: Jasmine Shah

News 18  

The Delhi Startup Policy was approved by the state cabinet on May 5, aiming to create an enabling ecosystem for people to start businesses and take advantage of a variety of support services such as fiscal and non-fiscal incentives, collateral-free loans, and free consultation from experts, lawyers, and chartered accountants, among other things. Edited excerpts: Is the startup policy of …

Budget 2022 is going to put India into a higher growth trajectory: Ranjit Jha
2 years, 9 months ago

Budget 2022 is going to put India into a higher growth trajectory: Ranjit Jha

Deccan Chronicle  

Rurash’s founder CEO Ranjit Jha feels positive about Budget 2022 and says “It’s a growth-focused budget.” The fintech enthusiast is already on the lookout for sunrise opportunities and is hopeful that the “objective” of increasing investment levels will put India onto a higher growth trajectory. When we asked for a hint of the sunrise opportunities, he told us, “AI, geospatial …

BharatPe: The coming of age story for Indian startups | OPINION
2 years, 10 months ago

BharatPe: The coming of age story for Indian startups | OPINION

India Today  

The past few years have put the spotlight on the phenomenal wealth creation by a tribe of businesses called “startups”. The issue has come to prominence due to the governance related matters of BharatPe, a phenomenal financial technology or fintech startup, that pushed the creation of unified QR codes for UPI based payment acceptance, and forced the QR code-based payment …

Budget 2022: Incentivise tech adoption among small and medium businesses
2 years, 11 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. …

Union Budget 2022: What start-up companies and MSME sector are expecting this year
2 years, 11 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, 11 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 …

An enabling framework to drive the technology sector’s growth
2 years, 11 months ago

An enabling framework to drive the technology sector’s growth

Live Mint  

The strong third-quarter results announced by India’s technology companies in an otherwise seasonally-weak quarter reinforces the reading that global demand for technology remains buoyant and the industry is emerging as the partner of choice for enterprise digital transformation. It will require a partnership with the government on developing the tech ecosystem and reinforcing Digital India’s innovation capability in existing and …

Central Govt Announces First-Ever Startup India 'Innovation Week'
3 years 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 …

It's time to regulate regulations in India to boost startups | OPINION
3 years ago

It's time to regulate regulations in India to boost startups | OPINION

India Today  

Uber was illegal in most countries when it started off. It does not help startups that are trying to change the status quo and have to create new markets, deal with attracting funds, attracting talent, aligning with the compliances in the country and then also engage in public policy discussions to change regulations that are limiting the ability of the …

Planning a startup? Check these 5 seed stage incubation programmes in India
3 years, 8 months ago

Planning a startup? Check these 5 seed stage incubation programmes in India

India Today  

Some of the world’s most successful startups in India have been backed up by Startups Incubators. IAMAI Industry body IAMAI has launched the country's first virtual incubator for short and mid-term needs of technology-related startups arising amid the global pandemic situation. The primary function of the virtual incubator is to address the needs of the start-ups located outside the major …

Children of Liberalisation: What Budget 2021 Means for a Young Entrepreneur in India
3 years, 11 months ago

Children of Liberalisation: What Budget 2021 Means for a Young Entrepreneur in India

News 18  

Editor’s Note: ‘Children of Liberalisation’ is a News18 series tracking the Union Budget expectations from 30-year-olds across different sectors, from the prism of 30 years of economic liberalisation in India. Under the leadership of our Prime Minster Shri Narendra Modi, many initiatives have been taken to empower startup growth like Start-up India, which will boost entrepreneurship, economic growth and employment …

HTLS 2020: Defining a new era of growth and prosperity
4 years, 1 month ago

HTLS 2020: Defining a new era of growth and prosperity

Hindustan Times  

Economic history has shown us that eras of golden growth often last decades. Also underappreciated is the potential for these reforms to usher in a new era of growth and prosperity. Formalisation of firms and employment has been encouraged through the introduction of GST and the new Labour Codes, which allow for fixed term employment across sectors, whilst the scheme …

India is in the middle of a much-needed start-up revolution
4 years, 2 months 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 …

India got a solid startup ecosystem due to futuristic vision and decisiveness: Goyal
4 years, 2 months ago

India got a solid startup ecosystem due to futuristic vision and decisiveness: Goyal

Live Mint  

Union Commerce and Industry Minister Piyush Goyal on Tuesday said at an event that futuristic vision combined with decisiveness has provided India with a solid startup ecosystem. Lauding Indian startups for demonstrating high energy and enthusiasm to give many timely and cost-effective solutions, he said “Our hunger for growth is demonstrated by the number of EdTech apps for upscaling & …

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