A budget which is easier on the pockets of individuals and small-to-medium businesses will allow for more investment in digitalisation, ergo leading to higher consumer spends in terms of sales, subscriptions, ad-free versions and so on said CEO of Engineer.ai
In this digitally-driven decade, apps are set to become the backbone of every business across the globe, especially those in India.
Therefore, a budget that is easier on the pockets of individuals said Engineer AI CEO
All people are expecting is an efficacious budget plan that will revive the economy and get it on the right track.In a situation like ours, it is difficult to decide which sector needs to be prioritized and which can be secondary where the allocation of budget is concerned.The sharp lag of consumption and investment has been alarming which played a role in the revenue shortfall.
The economic slowdown has intensified as a result of this the government is likely to cut down on spending.Weak corporate earnings were also a contributor to the shortage of revenue.
It is a challenging budget for finance minister Nirmala Sitharaman and she may face difficulty in balancing whether to stick to fiscal consolidation or run a higher deficit to push growth.As far as investors are concerned they are waiting for a tide of opportunities to make through the ongoing fiscal scenario.
There is a significant opportunity for development in the global financial markets.The news of a cut in tax rates is spreading like wildfire and raising people’s expectations.
It leaves more disposable income in the hands of the middle and lower-middle-income group.
This is an opportunity to prod demand which will oil the rusty issues of consumption.
Jungle Ventures fund round III closed, it had already invested in Indonesian beauty e-commerce and social platform Sociolla (US$40m, series D), Vietnamese point-of-sale software provider KiotViet (US$6m, series A), Jakarta-based logistics platform Waresix (US$14.5m, series A), and AI startup Engineer.ai.
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