By Dr Harshit Jain, Founder and CEO, Doceree
The government’s priority in the budget this time around would be to boost the economy which got severely hit due to the unprecedented COVID-19 pandemic. Start-ups are an important component of the economy and would play a crucial role in driving it forward. As we are present in two markets – the US and India – I think the US government is more supportive to start-ups in terms of financing and I would seek the same kind of support in India with respect to access to capital and access to cheaper credit. The cost to capital in India is apparently highest compared to other markets and a lot of paperwork and approvals are required that make the entire process very cumbersome. The government should make the process of raising funds and related procedures easier and less laborious so that start-ups, especially early age start-ups, could be at ease and feel supported.
