Amid falling funding and subdued investor sentiment, Indian startups are looking at FM Nirmala Sitharaman for some relief in today’s Budget
A key demand across the board is that of reduction in GST rates, clear regulatory policies, tax rebates and more incentives to spur startups
While drone tech startups want extension of the PLI scheme and further easing of regulations, EV startups want clarity on the FAME scheme and more incentives
Indian startups have had a tough couple of years. Be it capital drought or mass layoffs, the homegrown ecosystem has grabbed headlines for all the wrong reasons. With funding numbers continuing their free fall and investor sentiment at record lows, the Indian startup landscape is looking intently towards the interim Budget 2024.
Finance minister (FM) Nirmala Sitharaman will present the interim Budget today in the Parliament, ahead of the general elections scheduled for later this year. Indian startups are hopeful that the FM would provide sops and cut tax rates to rejuvenate the ecosystem and instil confidence among investors of the battered landscape.