“As we eagerly await the 2024 Budget, the startup community is hopeful for a fiscal strategy that not only acknowledges our vital role in the nation’s economy but also actively fosters and advances India’s growth ambitions. A sustained emphasis on early-stage funding, coupled with more advantageous tax policies like extended tax holidays or reduced corporate tax rates, is essential to spur startup growth and attract investments in the country. We are earnestly hoping that this budget will introduce streamlined regulatory procedures, more lenient GST rates, and a steadfast dedication to international trade, particularly in tech exports. Such initiatives would significantly contribute to creating a conducive environment for startup success. Additionally, we anticipate the 2024 General Budget to introduce more comprehensive measures for the protection of intellectual property“.
Neel Juriasingani, Co-Founder and CEO Datacultr
Pre Budget Story Quote | Startup Industry
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