"The Union Budget 2021 is rightly focussed on reviving the country from the aftermath of COVID-19 pandemic andensuring sustainable economic growth. The proposed measures and reforms to boost infrastructure, healthcare, aggressive PSU disinvestment and boost credit flow by taking out the toxic assets of the banking system will definitely help propel the economy towards faster recovery and growth. We also applaud FM’s proposal of one year tax holiday and capital gains exemption, which will provide a much-needed post-pandemic boost to the upstarts. The announcements of incorporating one-man companies with no restriction in paid-up capital and turnover, increase in the MSME budget to Rs 15,700 crore, as well as an update in the definition of small companies under Companies Act, 2013 will also prove to be beneficial for Indian MSMEs and startups. Having said that, given the growth of digital adoption and the role of technology in accelerating Digital India and Atmanirbhar Bharat vision, both businesses and individuals particularly in Tier II and Tier III cities would value greater impetus on digital skilling and improved digital infrastructure to support innovation and the new normal work-from-home culture. As the country gears up to rise from the global pandemic and chart the next chapter, GoDaddy will continue to work in tandem with the government to help bolster India’s entrepreneurial and small business ecosystem, by providing all the help and tools needed to succeed online."
"After the announcement of easing norms for InvITs/REITs, we are hoping that steps will be taken to regarding the lock-in period of units allotted on a preferential basis, and pricing related to the allotments arising out of the approval of the same unitholders. We are sure that the fresh norms will make more REITs enter the market as the demand for commercial properties is already high, especially after the pandemic situation that has led people to realize the sound investment opportunity that the commercial segment offers. The FM has also announced a new asset reconstruction and asset management company, which is set to ease out the liquidity issue in the market.
Overall, the Budget focused on jobs and fund infusion in MSMEs, which would help the market recover. The real estate sector, being an inseparable part of the economic growth, will also gain from the measures taken to expedite growth in other industries."
“The FM has done a prudent job of prioritising spending to address immediate needs and mid to long term goals across critical areas. Privatisation, substantial increase in FDI in the insurance sector as well as other announcements around asset monetisation, INVITs/REITs are progressive measures that will definitely have a far-reaching positive impact on creating a conducive ecosystem for business and help address some legacy issues. The FM had an unenviable job of striking a balance on the fiscal deficit front without altering tax rates to fuel economic growth and must be complimented for having achieved it. The thrust on digital, affordable housing, inclusive growth, ease of doing business, innovation, and R&D are steps towards making India future-ready. However, operational detailing and seamless execution will be critical.”
"The budget for FY 2021-22 has been a balanced one. The decision to strengthen the education sector as per National Education Policy has certainly been one of the highlights of the Union Budget 2021. We welcome the government’s move to set up a Higher Education Commission of India and its plans to integrate nine cities, including Hyderabad, our home market, under an umbrella structure for higher education institutions to allow for better synergy among them. Also, the government’s decision to extend the tax holiday by one more year, to March 2022 along with capital gains exemption will help India's startup ecosystem deal with the pandemic blue"
“The six pillars of the Union Budget 2021 add enormous value to the economic relief post the pandemic issues and paint a futuristic picture for the new year. It has managed to address some of the key issues around Atmanirbhar Bharat, education and Digital India that presents significant business opportunities for global corporates such as Lenovo. With the PLI scheme announced along with the increased focus on ‘Make in India’ in this budget, we are confident that it will encourage local manufacturing, and further bolster the local PC market. Lenovo will also support the government in enriching India’s economy, by boosting digital infrastructure in the field of education and additional focus on promoting inclusive development. The national education policy also creates an opportunity to build the Indian EdTech ecosystem to make it best across the globe for research & innovation, and empowers the citizens to scale up their skills.”