What Start Ups Expect From Budget 2015-16


 

Bangalore: The entire nation expects a kick start in the economy with the upcoming budget on Feb28.  The 2015-16 budget is one of the most awaited happening this year, as it will set the agenda, plan and future of Modi administration in India. It’s more important than last year because, it can lead the nation to a ‘transformational’ economic growth or continue with current scenarios. It’s with this budget that the BJP Government will justify the choice of all Indians made in May2014.

With the focus being on start ups, this budget has a far reaching effect on the industry, economy and global market.

In India, start ups create employment, promote capital formation, balance regional development, reduced concentration of economic power, increase GDP and per capita. After the announcement of the Digital India campaign, start up sector believes post 28 February will be an arena of growth and development.

What do start ups  exactly hope from the budget?  Here’s a wish list of the startups from Union Budget 2015-16 based on Indianweb2:

1. Multi Window Clearance System:

To establish a business, an entrepreneur in India needs more than a pair of shoes. He needs to run corner to crevice, office to office to inaugurate his new venture. Hence, this sector demands a look up on their long time demand of a single window or outlook to do with the permissions and allowances. In India there are twelve different ministries operating their own startup and skill development programmes. This industry expects an all in one association to do the proceedings of starting a business.

Also Read: 3 Key Tips To Note Before You Begin A Startup

Start Up- The Base Of Your Professional Journey