Less Tax, Better Policies
Protecting user data, enhanced capital support to start-ups and changes in IT sector laws can transform India into a digitally empowered society
- May 27, 2020,
- Updated May 28, 2020 9:37 AM IST
It's a fight for survival now and I hope youngsters don't lose heart," says a leading angel investor, who has been spending a lot of time these days "trying to boost the morale" of start-up founders of his portfolio companies.
Last year, the government released a report on how India has the potential to create $1 trillion of economic value from the digital economy by 2025, up from the current $200 billion. Nearly 50 per cent is expected to come from new digital ecosystems in sectors such as financial services, agriculture, healthcare, logistics, e-governance and others.
The virus outbreak has, however, thrown a spanner in the country's growth story. Though $1 trillion looks like a distant dream, timely changes in policy and subsequent implementation can still do some damage control.
It's a fight for survival now and I hope youngsters don't lose heart," says a leading angel investor, who has been spending a lot of time these days "trying to boost the morale" of start-up founders of his portfolio companies.
Last year, the government released a report on how India has the potential to create $1 trillion of economic value from the digital economy by 2025, up from the current $200 billion. Nearly 50 per cent is expected to come from new digital ecosystems in sectors such as financial services, agriculture, healthcare, logistics, e-governance and others.
The virus outbreak has, however, thrown a spanner in the country's growth story. Though $1 trillion looks like a distant dream, timely changes in policy and subsequent implementation can still do some damage control.