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Here are key #Union Budget2024 highlights and reactions from industry insiders.

← The abolition of #AngelTax for all investor classes will provide a massive boost to #startups and ease the investment process for VCs and PEs.

Increasing the capital gains exemption from ₹1 lakh to 1.25 lakh encourages middle-class investments, while the hike to 12.5% impacts HNIs.

The #government lowered its fiscal deficit target for FY25 to 4.9% of GDP, down from the previous 5.1%.

← A ₹1,000 crore #VC fund for #space startups aims to boost India's space economy, targeting a 5x expansion in the next decade.

✔ #Anusandhan National Research Fund with a ₹1 lakh crore financing pool for R&D and prototype development announced.

← The energy sector gets a major push with initiatives like the PM Surya Ghar Yojana, nuclear, and #thermal power advancements. 10M households to benefit and 17L jobs to be created in the solar value chain.

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