Less Tax, Better Policies
May 28, 2020
4 minutes
BY RUKMINI RAO
ILLUSTRATION BY RAJ VERMA
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
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