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In an effort to propel growth, the budget for 2022–23 provides tax sops for startups and supports digital transformation across industries. The tax exemption for the startup sector has shown the government’s commitment to building a dynamic and robust startup ecosystem. The announcement of the digital currency is a historic move in India’s financial history and promises to open up new vistas of growth and innovation in the sector. The impetus on design-led manufacturing for 5G is another important sector that could nudge India’s economy toward sustained growth. The budget is timely and futuristic. We believe that these measures will make India a fast-growing, digitally empowered, and forward-looking economy.
-Subodh Parulekar, CEO and Co-Founder, Afour Technologies
Read the full article at Startagist, APN, Apeksha Sandesh, HG Unified, Business News This Week, Media Bulletin, Content Media Solution & Online Media Café
