Mr. Neel Juriasingani, CEO & Co-founder, DataCultr
"2019 promises to be an action-packed year for India and after the entire manoeuvre in the startup ecosystem in the past few years, the expectations have gone much higher. One of the key challenges for technology startups in India is that of raising funds, especially in the pre-series A round. We expect that with budget 2019, the government will introduce easy early stage funding and grants for tech start-ups in order to propel the next level of growth of this thriving sector.
The government should make sure that startups have a level playing field with other companies, more particularly listed companies where they can participate and win tenders for central and state government projects.
Besides, the government needs to soften GST rates for startups which will help create a more welcoming ecosystem for the industry players. Policy regulations like these will allow entrepreneurs to devote their time, energy and resources to gain success and build upon more innovative ideas."