Pre-Budget Quotes by Mr. Nirav
Choksi, CEO & Co-founder at CredAble
1.
Generic quote on the overall expectations:
Over the last few years, the
government has undertaken several commendable initiatives to enhance the ease
of doing business and ensure regulatory clarity.
In line with this, simplifying
tax structures and ensuring more clarity in compliance requirements for
startups and MSMEs will instil greater confidence in India’s legal and economic
systems.
India’s capital markets have
emerged as one of the best-performing markets in 2024. To ensure FinTechs and
other players in the financial services sector achieve momentous growth in the
coming years, we hope the budget will introduce policies for enhancing
financial inclusion and creating a more robust risk management framework.
On the broader economic front, we
look forward to more financial incentives such as subsidies and tax reliefs to
reduce entry barriers for MSMEs and enable broader participation. Additionally,
performance-linked benchmarks and targeted benefits, including easing the
delivery of credit, will be crucial to propelling the MSME sector to new
heights.”
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