Nitin Pahuja, the co-founder of Push Sports, gave his reaction to the Post-Union Budget 2023–2024, which was presented by Finance Minister Nirmala Sitharaman on Wednesday.
“The budget’s focus on the long-term vision for the economy is a refreshing change from past populist budgets before elections. Startups and industry will find confidence that the government is committed to its vision for India @100, making the policy trajectory predictable for the next 25 years.
The increase in capital expenditure will create new markets and deepen existing ones, as seen in the high growth during the Vajpayee era and UPA decade. The budget will outline a similar growth roadmap for the economy.
Maintaining the fiscal deficit reduction trajectory will attract foreign investment and insulate the currency from economic challenges.
The budget’s aim to increase disposable income for the lower middle class by raising tax exemptions will stimulate demand. The INR 35,000 crore stimulus could be a game-changer for D2C startups targeting this cohort.
The budget’s focus on improving employability through skill centers and apprenticeships is a positive step for startups seeking quality talent. The AI labs initiative could transform the startup industry as a public good, Nitin added.
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Support for e-mobility and green energy offers a clear roadmap for startups in those sectors, with tax and duty rationalization to enhance competitiveness.
Expanding credit growth for MSMEs and reducing the cost of credit is a welcome move to support small enterprises recovering from the pandemic shock, Nitin said”
About Nitin Pahuja
Nitin Pahuja is a Digital Evangelist, Entrepreneur, and Cricket Enthusiast. Together with Puru Singh, he co-founded Push Sports, a sports technology firm.
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About Push Sports
Incorporated in 2019, Push Sports is a start-up that primarily focuses on “Sports Education” by promoting fitness through sports-led interventions and by making money off of the physical sports infrastructure present in educational institutions and corporate sports facilities.
The Cricket First Agenda marked the beginning of Push Sports’ adventure, which was steered by Puru Singh, a Delhi Ranji player. Co-founder Nitin Pahuja and cricket fan Mukul Grover enthusiastically endorsed his efforts. Push Sports not only trains the kids but also plans field competitions and games. 2000+ subscribers, including 1500+ pay-to-play users and 400+ sports education users, make up its subscriber base.
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