Pre-Budget Quotes by Mr. Nirav Choksi, CEO & Co-founder at CredAble

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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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