Technology startups in India are getting a financial boost from the government, though entrepreneurs say that more could be done to support the growth of the industry.
Sanchit Gogia, Chief Analyst & CEO at Greyhound Research, called the government’s planned tax cut “a win-win situation” for both multinational corporations and domestic startups.
“This will be a growth driver for startups and will help promote entrepreneurship in the country and create more jobs,” he said. From the perspective of multinationals, “this will add more opportunities for them to invest in India and create more demand for their services.”
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