As the founder of a nascent start-up in the technology space, there are essentially two categories of announcements that are of prime importance to me - a) those that influence the activities and existence of start-ups and b) those that influence the overall macroeconomic climate. Here is my wish list for this year under these two categories.
a) Influencers on Start-up Activities - The Start-up India initiative announced by PM Modi included a number of promises that would enable the start-up ecosystem in India to grow and flourish. The key areas that the start-up world would be expecting the Finance Minister to deliver on are:
Easier tax regime - With the current state of taxes in India, technology companies are finding it increasingly difficult to be competitive. Implementation of the income tax exemption up to three years for start-ups would be a welcome step.
Credit guarantee fund - Setting up of the Rs 10,000-crore fund that enables the flow of venture debt financing from the banks to start-ups would be a shot in the arm for the start-up ecosystem.
Easier exits - Hacking through the hackneyed system that till now has made exiting a business slightly more difficult than climbing Mount Everest would again allow entrepreneurs to 'Fail Fast' and move on to newer challenges.
b) Influencers on Macroeconomic Climate - Small start-ups are more vulnerable to the volatility in the macroeconomic climate than larger firms. My expectations from the Budget are as follows: