FinTech is seeing increasing acceptance with the clear focus of the Government to give a further boost to their ‘Digital India’ campaign and digitization at large. We see a huge & very positive move to enhance mass acceptance of digital credit across the country. The budget has reduced taxation for companies with a turnover of up to Rs.250cr, which in turn will help improve the focus on building new mid-size ventures. As the Government’s emphasis on doing business is becoming better and better, the cost of doing business is also improving. This combined endeavour will undoubtedly create better opportunities for start-ups to scale-up, thereby giving a boost to the jobs sector and to the overall growth of the SMB sector and the Indian economy.
- Post-budget 2018 Reaction Mr. Khushru Jijina, Managing Director, Piramal Finance & Piramal Housing Finance
- Post-budget 2018 Reaction Mr. Vikram Puri, CEO, Transworld Technologies, Pune