The push given to digital economy in the Budget can spell a turnaround not only for the e-commerce sector.but for the nation as a whole. The announcement of further liberalisation of FDI will help in attracting additional investments and create job opportunities. Reduction in the Corporate Tax for MSMEs and increase in the Pradhan Mantri Mudra Yojana outlay are positive moves that can encourage SMEs to evaluate new entrepreneurial opportunities including those in the e-commerce space. The emphasis on skill development and technical education will enable India to successfully reap the benefits of the demographic dividend.
- Post-budget 2018 Reaction Mr. Shreyas Chandrahasan, Co-Founder, Option3
- Post-budget 2018 Reaction Mr. Neerav Jain, Founder & CEO, CityFurnish