A series of incentives accorded to startups in the Union Budget is a testimony to the government’s intent of fostering an enabling ecosystem to promote entrepreneurship in India. The move to set-up around 80 “livelihood business incubators” and 20 tech business incubators is commendable as it will boost entrepreneurship besides upskilling the workforce to meet demands of industry 4.0. Furthermore, the easing of Angel Tax on Start-ups and the proposal to revamp the Labour Laws will improve the Ease of Doing Business in the Indian economy. The extension of Women SHG Interest Subvention Programme will boost women entrepreneurship.
- Post Budget 2019 Reaction by Mr. Kartik Walia, Head of Operations (India) at Amplify.ai
- Post Budget 2019 Reaction by Mr. Akshay Singhal, Founder, Log 9 materials