Today, India has a critical mass of people who are online and have access to electronic instruments of payments. With Digital India, we have the right platform to move from a cash dominated economy to a less cash economy in medium term and a cash less in the long run. RBI and Govt have been very pro-active in facilitating innovations in electronic payments.
Indian consumers have often surprised the conventional wisdom when it comes to adopting new ways of doing things – telecom, internet. If right incentives on both supply (Merchants) and demand (Customers) side are announced in this budget session, it would push the quick and wide adoption of electronic payments. (Also Read- Finance Budget 2016: Government may cut corporate tax by 1 per cent, say experts)
With the launch of Startup India, we are very confident about Govt’s focus and due importance to Startups. We would like to get more details on operationalization of Startup India. It is fairly certain to say India could soon emerge as one of the top three Startup hubs in the world given its natural inclination for Enterprise and support of establishment.
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