Pre-budget expectations from EdTech standpoint-
Anticipating the Interim Budget 2024, our expectations center around fostering the growth of startups and establishing a robust policy framework for an enduring ecosystem. To promote research and development in the education sector, we call for a review of the 18% GST on education services, aiming to alleviate financial burdens. In this budget, emphasis must be placed on skill development, accompanied by a crucial need for the recognition of online degrees, which enhances the credibility and overall operations of EdTech firms. Additionally, we anticipate comprehensive support through priority-sector lending, facilitating all-encompassing expansion for both conventional and modern education. To forge a digitally proficient and futuristic educational system, the acceleration of technological adoption to boost the skilling industry is paramount. Smooth access to funds becomes equally critical in this pursuit. The budget’s potential to invigorate the EdTech sector lies in expediting innovation, improving accessibility, and fostering inclusivity through policies that create a harmonious environment for sustained progress.
Pre-budget expectations from start-up standpoint-
The inclusion of new funding initiatives and schemes in the upcoming interim budget could help eliminate the roadblocks hindering the startup sector. It would also assist in the adoption of new-age emerging technologies, while simultaneously allocating increased expenses for a robust digital infrastructure. The budget is anticipated to empower the workforce of the future, with a focus on enhancing the overall regulatory structure to accelerate the growth momentum and promote India’s startup ecosystem.
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