Post Budget (2017-18) Reaction

Vivek Mathur, CEO at Giftease.com - Overall, the budget stays on the path of fiscal prudence, with no major populist measures or sops. Continuing strong emphasis on digital payments is particularly good for our sector, and necessarily needs to accompany remonetisation. Tax benefits to SMEs and individuals in the lower slabs should have some positive for consumption, but I believe the expectations were higher, particularly considering the measures to increase the taxpayer base. In terms of policy shifts, the easing of FDI is positive , but the details and schedules remain to be seen.
The overall budget seems to be another big step towards a digital India and it is rightly so! A strong weightage for digital payments is principally good in the long run for the e-commerce sector. Tax relief to SMEs and revised tax slabs for individuals will surely promote more investment thus helping the economy grow. Policy changes with regards to ease of FDI are extremely encouraging and we are now looking forward to the suggestion made by the expert panel for the implementation of GST. – Vinamra Pandiya, CEO and Founder – Qtrove.com