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  • Tuesday, July, 2019| Today's Market | Current Time: 03:33:18
  • Pre-Budget Expectations – Startup and Consumer tech sector quotes

    Published on June 26, 2019

    Pre-budget quote by Shashank Dixit, Founder & CEO, Deskera:

    Right on the top of my wishlist for this year’s budget are schemes to create jobs as that is integral to a lot of other systemic issues outside of unemployment such as affordable housing.  More, high-quality jobs typically help address all other societal problems. I strongly feel SMEs taking to digital tools and becoming more efficient, will drive better jobs and outcomes. These initiatives will help us avoid stimuli, such as Universal Basic Income Schemes and other alternatives.

    The only other piece on my wishlist is to abolish the angel tax for government recognized startups and SMEs.  It’s unfair in structure and policy and curbs growth within SMEs and is largely detrimental to building a world-class startup and SME ecosystem in India.”

     

    Pre-budget quote Mr. Kishan Jain, Director, Goldmedal Electricals

    “We are hopeful that the government would continue the good work it began carrying out in its first term with regards to GST, Make in India, and the host of initiatives it has undertaken in the power / FMEG sector. In the upcoming budget, we also expect that the Government continues its keen focus on improving India’s infrastructure as this coupled with ease of doing business would ensure India becomes a USD 5 trillion economy by 2025 as envisioned by the Prime Minister. Additionally, I am confident that the Government will continue to promote manufacturing in India through its ‘Make in India’ initiative as this would not only provide a boost to Indian companies but also aid in creating more employment opportunities.”

     

    Pre-budget quote by Mr. Jitendra Chaturvedi, Director & Co-Founder, Batooni Mobile Advertising

    “The economy has seen tightening of regulations in the past few years. Now the time has come to unleash the animal spirits of entrepreneurs and let a million businesses flourish. We need a jungle of new businesses and ideas that generate employment for a large number of semi-skilled people, and not curated gardens that favor a few. I hope this budget reduces the compliance burden so that businesses may focus more on growth.”

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