I had imagined more emphasis on technology adoption and support for startups in areas such as AI and IOT in this years budget. While the allocation to digital India has increased, there could have been a more focussed outreach to encourage the country’s entrepreneurs. India needs more of ‘Make in India’ and I believe that can only come from our entrepreneurs building companies from India and catering to the world. Technologies like AI and IOT are bound to revolutionise the way we operate and India should become an early adopter to stay ahead of the technology race. Furthermore, the startup sector could have also benefited from dissolution of the angel tax introduced by the government previously and further extending the tax holiday period for companies to help them achieve a certain scale.
- Post-budget 2018 Reaction Mr. Mukesh Agarwal – Founder & CEO, RevX
- Post-budget 2018 Reaction Mr. Sudeep Anandapuram – Co-Founder & CEO, Zippserv