Quote on behalf of Mr. Vipul Jain (CEO, Advancells )
“We are eagerly waiting for the first budget of Modi 2.0 Government. Over the last couple of years of the last administration, the government had shown some serious commitment towards healthcare with Ayushman Bharat and such schemes. We are hoping the new government will take these agenda’s forward and there will be a push on new innovations in then healthcare sector under Make in India and Startup India programs.”
Quote on behalf of Mr. Dhruvan Barar (Co-founder, Boingg! )
“This budget will be a marker of the government’s assessment and vision for the economy. Union Budget 2019-2020’s allocation will determine whether E-commerce and tech startup will work in sync with the government’s policy & Digital India initiative. We believe that Finance Minister Nirmala Sitharaman’s budget will incorporate and allocate resources for various initiatives announced in the Interim Budget presented earlier this year. The abolishment of angel tax is one step towards it. Expecting the budget to go easy on credit loan processes and further provide a rebate in loan interest.”
Quote on behalf of Mr. Gautam Thapar (CEO, Thapar Builders Pvt Ltd )
“On July 5th 2019, Finance Minister Nirmala Sitharaman is expected to present 2019-2020 budget. It is expected that the government should bring stimulus to boost the real estate/construction industry. To further promote the sector incentives should be given to buyers to buy 2nd home which will definitely promote the real estate segment in the long run bringing smiles on the faces of the people associated with it. In coming budget we expect the applicable GST on the real estate to come down and should also bring down interest rate on home loans. Also, as proposed remove income tax from rental housing – ensuring builders to lease unsold inventory and hence it will help the government real it’s target of housing for all.”
Quote on behalf of Mr. Satanik Roy (Co-founder, HyperXchange)
“The growing use of the internet and increasing dependency on smartphones has brought cheer to the internet startup sector in India. However, rural areas of India still demand better infrastructure to promote the penetration of smartphones. As the Indian economy moves towards creating its global digital footprint, it is expected that the Indian government will further promote penetration of smartphones by incentivising refurbished and introducing schemes which will include installing more wi-fi hotspots in rural and semi-urban areas. The UDAN (Ude Desh ka Aam Naagrik) scheme can also be given a boost, which will enable companies and startups to set up operations in smaller towns which will then indirectly lead to bridging the urban-rural divide.“
