For some years, we have seen how startups are making their way in the industry of their respective fields, giving competition to old big bosses, and shaking their roots with new technology and funds. We’ve seen startups such as BYJU, which failed to grow their company till now but are still covering the majority of the edtech industry, and some startups have a duopoly in the market, such as Zomato and Swiggy, where there are startups like Zerodha, which have quite good funding and are profitable from so many quarters in the market.
Today, the Indian startup culture ranks among the top 5 in the world, but still, experts believe that it needs government help and a push to control the world market. Most startups in India burn their cash in the beginning, and some of them only burn the cash and even fail to generate a respective revenue.
Though the government already provides help to startups with many schemes, such as the Startup India Seed Fund Scheme (SISFS), where a startup can raise funds at quite low interest, it also provides them with market trends and helps them enter the market easily and make a way for their business.
Further, the experts believe that the government will provide some tax relaxation for the startups and will also provide them with some extra funds for the business. Overall, the executives and startup CEOs are quite optimistic about the budget and hope that the government will help startups make money.