Budget 2019: Reaction by Nikhil Arora, Vice President and Managing Director, GoDaddy India

“We welcome the Government of India’s Union Budget 2019 that promises an all-round and inclusive growth of the country. The reforms presented in the Budget 2019 reiterate government’s commitment to foster a friendly environment for small businesses, women-owned MSMEs and startups. While steps like exemption of scrutiny on angel taxes, e-verification of taxation and dedicated TV channel for the startup community, will help bolster the spirit of entrepreneurship in the country; the government’s increased focus on providing better incentives to women entrepreneurs is a commendable initiative. The Budget also offers big slew of reforms for the MSME sector such as creation of payment platform for filing bills, easy access to loans up to INR 1 crore within 59 minutes and credit boost through INR 350 crore interest subvention – all of which will encourage more people to start their business journeys. With India poised to become a $3 trillion economy this year, we at GoDaddy, are committed to continue working with the government and our partner ecosystem, helping entrepreneurs and small businesses to successfully grow their ventures online, with our easy-to-use and affordable tools and solutions.”

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