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Why India’s unicorn-studded start-up ecosystem is in dire need of a policy push
January 15, 2021
It lags global peers in terms of infra and market depth
Budget 2020 saw the government announce quite a few measures for start-ups, such as allowing those with a turnover of up to ₹100 crore to claim 100 per cent deduction on profit for three consecutive years out of 10 years since their incorporation.
It also deferred tax payment on ESOPs by five years, or till the employees leave the company, or when they sell their shares (whichever is earliest). That apart, the government proposed to provide early life funding, including a seed fund to support ideation and development of early-stage start-ups.