Expectations Of Indian Startups From Union Budget 2025
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15 Jan 2025
With the Union Budget 2025 only a couple of weeks away, startups in the country are once again looking towards the Modi administration in anticipation.
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Here is what the Indian startup community anticipates from the upcoming budget, set to be presented by Finance Minister Nirmala Sitharaman.
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Ease of doing business Startups, especially in the manufacturing setup are hoping that the government eases the compliance burden.
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Simplified tax regime Startups are also wishing for a simplified tax structure which includes extending tax holidays, and revising corporate tax rates.
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Infrastructure development Creating startup hubs with state-of-the-art facilities, co-working spaces, and access to essential services can provide a nurturing environment for innovation and growth.
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Bet on emerging technologies With AI being the buzzword, the Indian government has the opportunity to hop on the AI train and make major inroads.
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Edtech startups need help After accelerated growth during the pandemic, the edtech startups have struggled. The industry will be hoping for some incentives.
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Intellectual property rights Support for Intellectual Property Rights (IPR), including faster patent processing and lower fees for startups, is what most will expect from Ms Sitharaman.
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Access to credit Improving credit availability, particularly for MSMEs and startups, through various government schemes is crucial.