India Inc and startups laud Budget but await details

Here are some key reactions from India Inc and the startup ecosystem.

Good morning

Finance Minister Nirmala Sitharaman’s Budget 2021 — regarded as one of the most critical in modern Indian history — was welcomed by India Inc and Indian startup ecosystem stakeholders, who hailed it as a growth-oriented Budget.

Experts lauded the Budget’s focus on rejuvenating capital spending in crucial sectors to fuel demand and accelerate India’s “economic reset,” in the wake of the devastating impact of the COVID-19 pandemic on consumer demand and growth.

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Still, the devil will be in the details and execution will be key, said India Inc business leaders and Indian ecosystem stakeholders. 

Here are some key reactions from India Inc and the startup ecosystem:

For our complete coverage on Budget 2021, visit

The Interview 

All eyes were focused on the Parliament as Finance Minister Nirmala Sitharaman presented the first post-COVID-19 Budget to revive the economy, and the stock markets responded well to the announcement, with Sensex zooming over 2,300 points. Siddarth Pai, Founding Partner, 3one4 Capital, attributes the positive feedback to no new taxes being introduced, which he says was the need of the hour.

Editor’s Pick: 

Inside Flipkart’s big bet on small businesses and entrepreneurs

Online shopping and ecommerce have changed our buying habits, with the lockdown forcing many small businesses and MSMEs to get online. And Flipkart is working with several young and upcoming brands and retailers in the B2B and the B2C segment, offering them continual counsel and on-ground support, ensuring the coexistence of traditional and modern retail formats. Read more.

Startup Spotlight

Fintech startup Eduvanz enables students to pursue education with innovative loan solutions

Many parents and students have to deal with pending school and tuition fees due to the unavailability of accessible financial assistance. To solve for that, Mumbai-based startup Eduvanz enables faster loan decisions, backed by transparent processes and student-centric policies. Read more.

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News & Updates

Before you go, stay inspired with… 

“We can keep talking about being the next innovation hub of the world but if we don’t invest enough resources it won’t happen.”

Prashanth Prakash, Co-founder, Accel Partners India

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