India Budget 2018
Small businesses, farmers and rural economy are at the core of this budget. Reduction in Corporate Income tax to 25% for all businesses with less than Rs 250 Cr annual turnover will be a big boost for enterprises.
Simplifying and increasing access to credit under MUDRA Yojana for small businesses is a welcome step. Increased allocation to Digital India initiative, infrastructure, optical fibre network in rural areas and WiFi spots will bring millions of new users to the digital economy and e-commerce.
Paytm Mall has been working with shopkeepers to grow their business through its O2O commerce model and I look at this budget as an opportunity to increase the scale of our partnerships.
[Amit Sinha is the Chief Operating Officer of PayTm Mall]