Post-Budget Scene: Sneak Peek of How Top Startup Minds Are Responding

Kamal Bali, President & MD, Volvo Group in India

"The Budget’s sustained focus on capex spends & more money in the hands of the middle income group, with tax relief, will provide a fillip to demand growth and employment, while also being fiscally responsible.

The budget is inclusive as every sector of society and economy (including manufacturing, msme’s, agri, startups, tourism, skilling, training in AI), have been thought of and provided some sort of support for growth or transformation.

FDI in insurance, EoDB with rationalization of import duties & other provisions, the nuclear energy mission for 100GW energy, India Post as logistics organization leveraging last mile connectivity, and personal income tax changes are some other highlights.

This should help to set us off well towards a self-reliant, and globally competitive, and a fast growing economy".

Manish Aggarwal, Founder & CEO, FINQY

"The Union Budget 2025-26 brings a welcome boost for India's startup ecosystem, particularly in improving access to credit and fostering growth. The increase in the credit guarantee cover for startups to Rs. 20 crore, with a moderated guarantee fee, will significantly enhance funding opportunities for emerging businesses in critical sectors. The announcement of establishing a new Fund of Funds underscores the government's commitment to nurturing innovation and scaling high-potential ventures.

Extending tax benefits under Section 80-IAC for startups incorporated until 2030 is another encouraging step, providing much-needed financial relief and incentivizing entrepreneurship.

I believe these measures will help strengthen the foundation for a self-reliant and globally competitive startup ecosystem in India. The increased emphasis on Fintech solutions to enable Startups & MSMEs to access financial services will further facilitate the ease of doing business in the country".