Union Budget 2025: Expectations Of Indian Startups From Modi Government

| 16 Jan 2025 6:50 AM IST

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.

Tags: Union Budget 2025Indianmodi

Categories: Business & Economy

Vidya

Vidya is a talented author and expert in visual journalism, specializing in the creation of impactful infographics. At Newsographics, she transforms complex data into visually engaging news articles that capture audience attention. With a strong background in design and journalism, Vidya advocates for the use of infographics to enhance understanding and accessibility of information, making her a significant voice in modern media practices.