ALSO READBudget 2018: Budgetary support for Indian Railways to be cut by 27% in FY18 Budget 2018 Could Bring a Change in Income Tax Limits Budget 2018 might have Rs 740-bn allocation towards fertiliser subsidy UKIBC expects corporate tax cut and labour reform in Union Budget 2018 Indian Budget's misplaced priorities
Various path-breaking initiatives and policy reforms implemented in 2017 by the Narendra Modi-led central government have already paved the way for a New India by 2022. The year 2018 has started on strong footing, with a positive momentum driving growth across different sectors of the economy, especially since the execution dust of demonetisation and goods and services tax (GST) implementation has almost settled.
Now, some push in the right direction by Finance Minister Arun Jaitley in the upcoming Union Budget 2018-19 will set the stage for a strong business environment for start-ups in the key areas of the economy like commercial real estate.
In 2018, the retail sector is expected to show higher returns in the Indian real estate market. Institutional investments in commercial real estate will be on an upsurge and shared workplaces will continue to grow with flexible leasing structures. Since the government has set ambitious targets with the Start-up India initiative, we are sure that the Indian start-up ecosystem will revive the demand for investments to generate jobs and accelerate economic growth in the medium term.
The author is founder & CEO of Awfis