Budget 2022 expectations: Startups require tech boost- check details inside

tech.hindustantimes.com:

The Union Finance Minister Nirmala Sitharaman will present the Union Budget 2022-2023 on February 1. In the budget, the finance minister reveals all about the government's revenues and expenditure, the amount it will be allocating to various sectors for their development, schemes, and much more. Before the budget presentation several industry experts and leaders put forward their suggestions and expectations from the Union Budget, for the government's consideration.

Due to COVID-19 pandemic several sectors and industries have been adversely impacted and this has slowed the overall economic development of the country and even the world. Logistics sector and startups are among the sectors which will help India in achieving the USD 5 trillion economy by 2030. Therefore, it is important to focus on their development.

On his Budget 2022 expectations, Gaurav Mangla, CEO Pickrr said,"The year 2022 started positively, with our Prime Minister announcing a day dedicated to start-ups. Indian start-ups have played a vital role in the economy's growth, and this base continues to witness steady growth. With technology playing a crucial role in shaping the country's start-ups, the Union Budget 2022-23 should introduce start-up-friendly policies and tax relaxations to enable innovation and ease-of-doing-business and reduce compliance costs."

"We hope this year's budget will continue to deliver on the government's vision under Start-up India to focus on digitalization, favourable infrastructure development, and strengthening the ecosystem," he said.

Keeping his expectations from the Union Budget 2022 forward, Subodh Garg, CFO and Growth leader Pickrr said that he foresees new policies being introduced to help strengthen logistics-related