Post Budget: Online Startup's and Ecommerce Reactions


Ashish Sood , Co- Founder, Youshine, India’s only omni channel fashion jewellery & accessories retail brand says;"It is excellent that the Indian entrepreneurial system is being encouraged by the announcements of a start-up Fund of Funds and the special MUDRA Bank to take of MSME funding needs. Being a very young population, these measure will go a long way promote entrepreneurial activity in India. However, it is disappointing that GST implementation has been put forward by another 12 months. Retailers like us, who are looking to establish a Pan-India presence, were really looking forward to this announcement."

Suvro Ghosh Founder HelpMeDoc.in,a portal which has 360 degree service for all healthcare needs online says;"Arun Jaitley’s budget has been very encouraging… truly inspiring for all entrepreneurs and the youth of India. As a first-generation entrepreneur, I know how hard it is to chase a dream. It would be splendid for India to not only get ideas from its brain-bank, but also get   support from the Government. This way the young, driven youth can fulfill their dreams and make significant contributions to the domestic economy over the coming years. Welcoming FDI is a cornerstone for a turnaround and to create and enhance infrastructure.

Making current loans refinanced for MSME segment will let corporates think better and will help them create more jobs. It’s a huge temptation for expansion of the present MSME segment and to think differently. Reduction of corporate tax to 25percent from 30 percent, shows a powerful vision.

Social security, healthcare and insurance has been taken into consideration and this is commendable. An attempt to make transactions cashless to stop black money exchanges is a well-thought move. This step will reveal its real value, gradually, in the times to come. Overall, this has been a progressive budget, looking towards a modern India."

 Online travel networks that accounts for nearly 71percent of e-commerce business in India are equally elated with the proposals on Visa on Travel and reduction in the corporate tax. Travel platforms namely, Via.com, Myshaservices.com share their cheer.

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