Union Budget 2025: Expectations Of Indian Startups From Modi Government

Ease of doing business

Despite Prime Minister Narendra Modi consistently stating that ease of doing business had improved in the country during his tenure, several bottlenecks remain. Startups, especially in the manufacturing setup have to go through the hoops to get a simple clearance or approval. The government can make it easier for early-stage startups by easing the compliance burden.

Simplified tax regime

Apart from citizens hoping for a reduction in personal tax rates, startups are also wishing for a simplified tax structure that reduces compliance burdens. This includes extending tax holidays, revising corporate tax rates, and simplifying procedures for setting off and carrying forward losses.