Here’s how industry leaders reacted to Budget 2024

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The story "Here’s how industry leaders reacted to Budget 2024" was covered 10 hours ago by YourStory, a news publisher based in India.

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Here’s how industry leaders reacted to Budget 2024 - YourStory

Quick Summary:

A Rs 1,000 crore fund for space tech, research and development investment, and the abolishment of angel tax, here are key Budget 2024 highlights and reactions from industry insiders.

It will greatly boost economic activity and will aid in job creation,” said Ninad Karpe, founder and partner, 100X.VC.“Removal of this dreaded tax will give a huge fillip to startups in the country and free up investors to focus on the investments without having anxiety on how to deal with their implications.

The government also lowered its fiscal deficit target for FY25 to 4.9% of GDP, lower than the 5.1% target announced during the interim budget in February.