top of page
-

Union Budget 2024: Startup founders and venture capitalists are seeking relief from the intricate tax regulations and stringent compliance requirements.




Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 on July 23, marking her seventh consecutive presentation. Over the past five union budgets, excluding this year's interim budget, the Indian startup community has accumulated a list of longstanding expectations. Industry stakeholders have emphasized the need for significant tax reforms, which have been a major hurdle for Indian startups, affecting overall funding within the ecosystem.

While a recent survey of startup investors indicates an end to the funding winter, Indian startup funding has actually decreased by 1.8% year-on-year (YoY) to $5.3 billion in the first half of 2024. This paradox highlights the ecosystem's urgent call for tax reforms, despite a generally positive sentiment among investors toward Indian startups and founders.

Before we delve deeper into the stakeholders' demands and requests, let's briefly review the crucial reforms needed to ensure the comprehensive development of the startup sector.


1 view0 comments

Comments


bottom of page