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Below the pre-budget quotes from Mr. Mohit Ralhan - Chief Executive Officer, TIW Capital

“India’s growth outlook remains robust despite a highly uncertain global macroeconomic environment. The interim budget will be focused on sustaining the growth momentum without compromising on the glide towards a 4.5% fiscal deficit to GDP by FY 2026 from the budgeted 5.9% in this fiscal. One area of opportunity could be to incentivize global manufacturers to set up shops in India as they look to reduce dependence on China. To achieve this, the finance minister could broaden the scope of PLI scheme beneficiaries. This will not only boost our exports, which are under pressure due to a slowdown in major economies but also lead to employment generation in non-metros. Over the last 5 years, the government has prioritised spending on infrastructure. This is likely to continue. While roads and railways will continue to be big beneficiaries, allocation towards power might increase this year. Achieving energy security in a highly uncertain geopolitical environment will gain precedence. The startup ecosystem has been facing a funding crunch for some time. To ameliorate this, the government could increase the allocation to Fund of funds and the Start-up India Seed Fund. Incentivizes could be announced for ventures in tie-ups with academia such as in the AI space. Measures could be announced to reduce the compliance burden on funds and angel investors. The finance minister could also offer some clarity on ESOP taxation.”

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