Budget 2024: What to expect on AIFs, taxation, and compliance from the government?

livemint.com:

Interim Budget 2024 is expected to focus on several key sectors, including social welfare, agriculture, infrastructure, education, and healthcare. The budget may hint at long-term policy initiatives that the new government could pursue after the elections, including public-private partnerships in climate financing.

This could help attract private sector investment in sustainable projects and contribute to India's commitment to achieving net-zero emissions by 2030. Indeed, it hasn’t happened many times in modern history, that a large consumption economy is also a massive innovation economy - the only other country that saw both the engines fire at this scale was the US.

And while the central characters will always be the entrepreneurs building businesses, private market players are playing a profound role in fueling them - both on the startup economy, and scaling the SMEs. According to the ‘No Ifs about AIFs 2023’ report, the introduction of GST and state-of-the-art digital public infrastructure such as Aadhaar for identification and Unified Payments Interface (UPI) for payments created opportunities for the VC-PE ecosystem to reach a larger demographic across sectors and geographies.

Similarly, investment in physical infrastructure, such as roads and airports increased market access and lowered costs. By continuing the budget’s focus on the nation's physical and digital infrastructure, the commercial opportunities offered by these policies will continue to drive robust capital and deal flow for the Indian VC-PE industry.