With the effects of Demonetisation settling down and implementation of GST well on its way, Budget 2018 is expected to positively drive the different sectors of economy.
Having boosted startups with a strong business environment in areas like commercial real estate, logistics and ecommerce should be the key focus in startup segment in the upcoming budget to be presented today by the Finance Minister on India.
Startups will also have huge expectation from the retail sector for higher returns. In the backdrop of startup India initiative, the startup ecosystem is reiterating its demand for investment directly affect the acceleration of the economic growth and increase job opportunities in the medium term.
Significant changes in the rules and taxes in the ecommerce industry are expected to be brought by this budget. Positive Changes in taxation can give impetus to the entire sector. New digital developments are being promoted by Cashless Concept and can do wonders for infra startups.
An allocation of $10.2 billion is expected for the national highway development that could help boost the infrastructure startups. Logistics sector which was considered to cover transportation (all three ways), packaging and cold storage, also covers the forwarding and reverse flow of goods and service now.
Indian logistics industry has jumped to 35th place from being 56th in 2016-17. The government expects growth to the tune of $360 billion by 2032 from the current $115 billion. This will create employment for millions as well as assist the startup segment also.