Industry Story Quote by Mr Nirav Choksi, CEO & Co-founder of CredAble | Budget Day
“We believe India’s forthcoming Union Budget will prioritise sustaining growth over the medium term, encouraging capital investments, and achieving fiscal consolidation.
India’s journey to become a US$5 trillion economy will be marked by digital advancements, a resilient MSME sector, and a thriving trade ecosystem.
Proactive trade agreements coupled with extensions of the concessional corporate tax rate for new manufacturing units are expected to attract investments, unlock new market opportunities, and empower businesses to navigate global challenges.
Strategic reforms to address tax challenges, ensure the ease of paying taxes, and improve the overall compliance framework are essential for fostering a conducive business environment for startups in the country.
We look forward to measures that support responsible innovation in financial services, foster partnerships, enhance the digital lending ecosystem, and catalyze innovation in the FinTech sector to deepen last-mile financial inclusion.
Overall, we are optimistic about transformative reforms like improved credit access, clarity regarding the 45-day payment rule for MSMEs, and lower interest rates, which will in turn enhance the competitiveness of MSMEs on a global scale and significantly contribute to India’s trajectory towards becoming an economic superpower.”
