16 February 2024
Rajesh Singla, CEO and founder, Planify stated
"The start-up and angel investing industry has received a major boost from the Union Interim Budget 2024-25. The government has announced several measures to support the sector, which plays a pivotal role in driving innovation and economic growth. The budget has provided long-term financing for private sector R&D, which is essential for developing cutting-edge technologies and solutions. The budget has also allocated Rs 11,11,111 crore for capital expenditure, which is 11.1 per cent higher than the revised estimate of 2023-24 and 3.4 per cent of the GDP."
Read more: https://smestreet.in/unionbudget/decoding-interim-budget-2024-live-content-stream-of-industry-reactions-2470890