Union Budget 2016: Suchit Punnose – Founder & CEO at Red Ribbon Asset Management Plc

"We expect the budget to foster a favorable environment for the growth and feasibility for startups."

Written by: India.com Business Desk

Published: February 25, 2016, 5:55 PM IST

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 Suchit Punnose – Founder & CEO at Red Ribbon Asset Management Plc shares his expectation from Union Budget 2016

“We expect the budget to foster a favorable environment for the growth and feasibility for startups. A single window clearance procedure, escrow arrangements and minimum interference from the government will help in creating a conducive environment for startups. (Also Read- Union Budget 2016: Here’s what Arun Jailey should do to boost power sector)

The Make in India initiative by the Central government will certainly spur the economic growth of the country. However we expect the government to increase the spending in the infrastructure and affordable housing to spur economic growth. The clearance of the GST will also help in easing the Tax regime by cutting down the business overheads and generating more revenues.”