If India is a private equity investment, expecting to double in GDP value over the next five years, then The Honourable Finance Minister’s Budget speech mirrored the life of an entrepreneur.
At the outset, the noise levels were incredible and in start-up entrepreneur fashion she demonstrated resilience and focus to stay on track.
During the middle section (akin to the scale up phase of a business) the short and long term investments were laid out that will shape our growth. And in true entrepreneur fashion, always finish with a bang and a memorable value and no one will forget “12 Lakhs” as the Government sought to balance significantly reducing the tax burden on the middle class, while encouraging private investment and aiming to boost rural and industrial growth
As a tech entrepreneur who has chosen to build our business in India, I was most interested in the announcements in that scale-up phase. The devil is always in the detail, but the intent is clear. The extension of loan programs for micro enterprises and the agri and marine measures are welcomed, but the real game changers for the tech sectors are around the Centre of Excellence in AI, increasing the skill base with IIT capacity extensions and the fund of funds boosts including a focus on deeptech research.
I was especially delighted to hear about the enhancing the “spirit of curiosity and innovation” with IIT expansions of capacity and centres of excellence for AI education – talent availability is a necessary part of continuing our growth.
What is even more interesting is the very deliberate shift in tone from providing subsidies and tax breaks to creating an environment and supporting the ecosystem to manage the growth. The various measures are all part of a shift by Government to being an enabler rather than a subsidiser. Signalling this directional shift is arguably more important than the actual allocation of funding. However, in a globally competitive market the level of funding should be viewed to other large economies.
Source: BWDisrupt
#healthtechstartup #healthtechstartup #dseidehealthcarenetwork
At the outset, the noise levels were incredible and in start-up entrepreneur fashion she demonstrated resilience and focus to stay on track.
During the middle section (akin to the scale up phase of a business) the short and long term investments were laid out that will shape our growth. And in true entrepreneur fashion, always finish with a bang and a memorable value and no one will forget “12 Lakhs” as the Government sought to balance significantly reducing the tax burden on the middle class, while encouraging private investment and aiming to boost rural and industrial growth
As a tech entrepreneur who has chosen to build our business in India, I was most interested in the announcements in that scale-up phase. The devil is always in the detail, but the intent is clear. The extension of loan programs for micro enterprises and the agri and marine measures are welcomed, but the real game changers for the tech sectors are around the Centre of Excellence in AI, increasing the skill base with IIT capacity extensions and the fund of funds boosts including a focus on deeptech research.
I was especially delighted to hear about the enhancing the “spirit of curiosity and innovation” with IIT expansions of capacity and centres of excellence for AI education – talent availability is a necessary part of continuing our growth.
What is even more interesting is the very deliberate shift in tone from providing subsidies and tax breaks to creating an environment and supporting the ecosystem to manage the growth. The various measures are all part of a shift by Government to being an enabler rather than a subsidiser. Signalling this directional shift is arguably more important than the actual allocation of funding. However, in a globally competitive market the level of funding should be viewed to other large economies.
Source: BWDisrupt
#healthtechstartup #healthtechstartup #dseidehealthcarenetwork
If India is a private equity investment, expecting to double in GDP value over the next five years, then The Honourable Finance Minister’s Budget speech mirrored the life of an entrepreneur.
At the outset, the noise levels were incredible and in start-up entrepreneur fashion she demonstrated resilience and focus to stay on track.
During the middle section (akin to the scale up phase of a business) the short and long term investments were laid out that will shape our growth. And in true entrepreneur fashion, always finish with a bang and a memorable value and no one will forget “12 Lakhs” as the Government sought to balance significantly reducing the tax burden on the middle class, while encouraging private investment and aiming to boost rural and industrial growth
As a tech entrepreneur who has chosen to build our business in India, I was most interested in the announcements in that scale-up phase. The devil is always in the detail, but the intent is clear. The extension of loan programs for micro enterprises and the agri and marine measures are welcomed, but the real game changers for the tech sectors are around the Centre of Excellence in AI, increasing the skill base with IIT capacity extensions and the fund of funds boosts including a focus on deeptech research.
I was especially delighted to hear about the enhancing the “spirit of curiosity and innovation” with IIT expansions of capacity and centres of excellence for AI education – talent availability is a necessary part of continuing our growth.
What is even more interesting is the very deliberate shift in tone from providing subsidies and tax breaks to creating an environment and supporting the ecosystem to manage the growth. The various measures are all part of a shift by Government to being an enabler rather than a subsidiser. Signalling this directional shift is arguably more important than the actual allocation of funding. However, in a globally competitive market the level of funding should be viewed to other large economies.
Source: BWDisrupt
#healthtechstartup #healthtechstartup #dseidehealthcarenetwork
