Post Budget Reaction by Abhinav Jain, CEO and Co-Founder, ALMOND Solutions

“The Government has shown that they are going all-in on India’s start-up dreams, leveraging it as a big economic lever, with tax benefits. We are extremely happy and thankful that the the redemption of taxes for 3 consecutive years which were offered for three years will be extended by 1 more year. The economic survey has shown that in 2021 14,000+ new startups have been recognised in India, and the trend shows that it’s up 20 times in five years. This was a clear indication for the government that Indian start-up ecosystem needs the push to fly. Talking of flying, the Drone Shakti program signals government’s growing belief in the power of technology, and for a growing tech start-up like us, it also opens up a lot of opportunities. Our innovation teams will take this as a green signal to enter into the drone space and begin developing solutions”  by Abhinav Jain, CEO and Co-Founder, ALMOND Solutions