The first two budgets of any government are the most critical ones in their entire 5-year stint. It is during these two budgets that the government has the best opportunity to lay out long term agenda for growth of the country. Also, in some sense the first two budgets are indicators on the intent of the Finance Minister’s long term orientation. Moreover, there was a little more hope with a new finance minister presenting a budget with a full stint in mind, who would hopefully address the start-up and venture capital industry’s challenges with greater intent and back it up with action on the ground as envisaged by the Prime Minister when he launched the start-up India program. With that as a context, let me divide the observations in two parts in terms of their relevance from the start ups & the VC industry:
News/Report Credit : www.brandequity.economictimes.indiatimes.com
https://brandequity.economictimes.indiatimes.com/amp/news/business-of-brands/how-budget2019-has-turned-the-tables-in-favour-of-start-ups-and-venture-capitalists/70099966?fbclid=IwAR3lnn5ObzzAujVZ2lh4dG-arllH3VkxLN2yXHGWylj1yV327oULxrEOa4Y