The impetus in Union Budget 2019 on strengthening the digital infrastructure, e-marketplace, initiatives supporting rural India and emerging technologies like artificial intelligence, government has reiterated its commitment to bring a holistic and sustainable technology-led development for the country, said Nikhil Arora, Managing Director and Vice President, GoDaddy India.
“We welcome the Union Interim budget 2019-20 and the government's focus towards helping small businesses, startups and women-owned MSMEs. With impetus on strengthening the digital infrastructure, e-marketplace, initiatives supporting rural India and emerging technologies like artificial intelligence, government has reiterated its commitment to bring a holistic and sustainable technology-led development for the country,” he said.
On popular measures like rebate in tax, Arora said, “Moves to allow tax payers with income upto Rs. 5 lakh to get full tax rebate and abolish custom duty from 36 capital good are consumer friendly steps that will help put the money back in the consumers' pocket and encourage ease of doing business.”
Sharing his views on a challenge of availability of the credit to MSMEs, Arora said, “In this year's budget, we were hoping for a solution for the current credit issue troubling MSMEs. But at the same time, we are positive about the India government's push towards digitally transforming the nation, and will continue working with our partners to ensure we play our part in realizing this vision, providing right tools and solutions to enable small and independent businesses to get their ventures online and grow successfully.”
