“It is encouraging that India’s economy is growing despite the wave of global recession. It has a prosperous and inclusive vision of India reaching all sections.Overall, the budget continues to promote exports, domestic manufacturing, increasing domestic value addition, green energy and mobility, supply The focus was on streamlining the chain and providing economic support to MSMEs across the country.Reducing the tax rate to 15% for new companies starting manufacturing activities by March 31, 2024 will help reduce the cost of railways and roads. Acts as a catalyst to encourage public-private partnership investment in infrastructure, including manufacturing and infrastructure initiatives, to help the country achieve manufacturing potential to export $1 trillion worth of products by 2030 The National Green Hydrogen Mission will facilitate the transition of economies to low carbon intensity, reduce dependence on fossil fuel imports, and contribute to green growth. The coalition budget marks the beginning of decarbonization of India’s inbound supply chains, according to commitments made at COP26 and COP27 on climate action.The national data governance policy will unlock innovation and research by start-ups and academia. , enables access to anonymous data Unified Skill India Digital Platform facilitates demand-based formal skills, collaboration among employers (including MSMEs) Revised for MSMEs to inject rupees Credit Guarantee Scheme: NOK 9000 to Corpus Budget has brought entrepreneur-friendly measures in policy and legal aspects to promote operational excellence across the sector Strengthening the country’s economic and human resource base Access to entrepreneurial initiatives to further strengthen the country’s startup ecosystem.” – Rahul Garg, Founder and CEO of Moglix & Credlix
