Siddarth Pai, Founding Partner at 3one4 Capital and Co-Chair of the Regulatory Affairs Committee at IVCA, highlights that the introduction of the Variable Capital Company (VCC) structure for AIFs in GIFT IFSC is another forward-looking measure
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Gopal Srinivasan, Chairman and MD, TVS Capital Funds and Former Chairman, IVCA expresses, "This is indeed the Dream Budget for startup growth capital. It is Deepavali for the Indian Startup system and the Domestic VC/PE Capital community"
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The Indian space economy, currently valued at USD 8.4 billion, is projected to expand to USD 44 billion over the next decade. With 55 active space assets and over 300 entities engaging in space-related activities, India's space sector is on a trajectory towards becoming a global player
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Experts believe that these changes will encourage more startups to remain local rather than seeking registration outside India in places like the US or Singapore to raise capital. These budget provisions are set to generate a significant positive impact by fostering more domestic capital.
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The much-anticipated removal of the angel tax is hailed as a pivotal development, aimed at eliminating barriers for early-stage companies and attracting a surge of domestic and foreign investment
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The Union Budget is expected to be finely balanced, maintaining fiscal prudence while addressing key startup priorities, including tax reforms, infrastructure investments and enhanced support for emerging sectors like Cleantech, deeptech, AI and more
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In June, the Reserve Bank of India (RBI) revised the growth forecast for FY25 to 7.2 from 7 per cent. According to the official figures, the country has witnessed growth of over 7 per cent in the last three year
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Industry players are also calling for tax rationalisation. Mukesh Taneja, CEO and Co-Founder at GT FORCE, said, "We expect the government to consider reducing GST rates on EV components and batteries from the current 18 per cent to 5 per cent"
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