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Budget Bullish for Startups

Puts Economy Back On Growth Trajectory

By PAAVAN NANDA

Co-Founder, WinZO Games

The measures announced by the government demonstrate its bullishness towards the startup ecosystem. The extension of long-term capital gains by another year will offer tailwinds to early-stage funding.

Extension of tax holiday by one year is also an encouraging offering, however, most of the new age startups don't start booking profits in the early years.

The Budget’s focus on economic development, infrastructure and health will definitely put India back on the growth trajectory after an unprecedented past financial year.

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