Budget 2024: Angel tax for all classes of investors to be abolished bolstering Indian start-up eco-system - Raghunandan Saraf, Founder & CEO of Saraf Furniture said, "The removal of Angel Tax represents a strategic move in taking India towards positioning as a global hub for innovation. According to officials, the move is in line with India's ambitious target of becoming a $10 trillion economy by 2030, wherein startups are expected to play a very crucial role. This would encourage a more risk capital–friendly milieu and, therefore, more likely home-grown global tech giants, besides reducing technology dependence and boosting economic sovereignty in the long run.


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