Bengaluru | New Delhi: The Indian startup community sees this year’s budget proposals as an underwhelming response to what the sector needs.

The middle-class tax breaks may give rise to some consumption, but at the cost of savings.

And savings formation has been the underlying bedrock of our economy.

This isn't the best way of creating consumption and demand,” said Anand Lunia, founding partner of venture capital firm IndiaQuotient.

“Creation of single-window clearances ..is another step, as logistics is important and will act as a catalyst in driving economic growth,” he said. | To read full story, visit https://startuparound.com/read/1580700606.1360047/No-giant-leaps-by-FM,-only-baby-steps,-feel-startup?ref=audio_experience