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express news service
Aniket Vajpayee, co-founder of LimeChat
It is encouraging that the Indian government continues to support the country’s startup ecosystem, despite all the woes around rising inflation and the shutdown of global supply chains in 2022. As a result, India’s e-commerce industry is experiencing a phenomenal explosion, and despite occasional spikes in the propensity to shop in physical stores, the convenience of e-commerce has taken hold.
For D2C brands to remain competitive in the environment, the next step is to actively continue their path toward automation, R&D, and broader adoption of AI in all possible sectors. The government’s stance on technology and AI is positive, and we hope the budget reflects this.
Roadster Hospitality CEO and Co-Founder Parag Datta said:
The F&B industry will expect an input tax credit for GST. Other areas could offer incentives to food concessionaires to encourage Indian brands over wealthy international brands in restaurant operations. Additionally, startups will need to relax in the form of a moratorium on debt service. This will allow us to build more units in an organized sector and compete with bigger brands.
Prachotan DL, Co-Founder and Head of Operations, Bhanzu
As a startup, we expect more employee skill development schemes. This gives people more job opportunities. Creating a tax system that helps people start things for themselves also helps. In my opinion, it’s something the government could easily promote. Some of these developments will really help the Indian startup ecosystem flourish.
Aussie, CEO, M Partha Sarathy
One of the changes we are looking forward to is the reduction of tariffs on pet food, treats and accessories from 30% to 5%. The pet industry also needs to have special incentives.
Richa Singh, CEO and co-founder of YourDOST, said:
Overall, the estimated total health budget for 2022-23 is NOK 86,200.65, of which NOK 83,000 is allocated to the Department of Health and Family Welfare (mental health is a department of the department). Mental health concerns have plummeted in recent years, but we are confident that this year we can make a more holistic contribution to reducing existing treatment gaps, especially in the mental health section. As, the budget must admit that mental health issues are on the rise in India.
Therefore, mental health budgets should allocate resources to holistic care while making provisions for using PSR budgets for underprivileged section health/mental health initiatives. , exemption or reduction of GST for counseling services. This allows us to offer quality services at affordable prices.
Seema Harsha, COO and co-founder of Indiasets
Many women entrepreneurs in the real estate sector struggle to finance their projects. More funding options, such as government grants and loans, should be made available. To encourage more women’s participation in the industry, tax incentives for them in the real estate segment should be strengthened.
Education and training programs tailored to the real estate industry should be made available to help develop the skills needed to succeed in the real estate industry. Government support and visibility of women entrepreneurs in the real estate industry should be increased to help promote business. Most importantly, low-cost housing must be promoted by the government and is for women who have had bad experiences in life. must be
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