Budget 2013. What Do You Want – Entrepreneurs?
The 2013 Budget is around the corner. On February 28, Finance Minister P Chidambaram will have to strike a fine balance between populist measures and fiscal prudence ahead of the 16th Lok Sabha elections likely to be held late this year or early 2014. As the Government fights to keep growth from plummeting to the dreadful Hindu Growth Rate, it will have to make sure that taxes and policies do not scare foreign investors away.
Entrepreneurs, who play a key role in any country wishing to keep its growth intact, are often ignored in the scramble to mop up more taxes and appeasing the vote bank. A comprehensive entrepreneurship policy is needed. To bring back global risk capital, policy uncertainty on taxes need to end. India needs to open up channels and incentives to bring back its top talent from foreign countries like the US and UK. A regulatory and tax environment favorable to entrepreneurship needs to evolve.
We’re sure there’s many more ideas, and needs in various verticals, markets and at various levels of entrepreneurship. To build a perspective around the expectations of the Indian entrepreneur and the startup ecosystem, we invite you to participate in a short survey and share your insights, needs and recommendations. We’d love to hear from you – entrepreneurs, finance professionals, angel investor, limited partners, buyers and consumers- of your wish list for the 2013 budget.