Saturday, February 25, 2017

Budget this

I hope this Budget will be an Entrepreneurial Budget.
I am firmly of the belief that the economic strength of this country rests on the Atlas-like shoulders of its start-up, small and medium size enterprises.
These are the people who today take maximum risk, get least support from the government and battle against all odds: poor quality staff, extortionists, horrible infrastructure, stifling bureaucracy, high debt, too many taxes, hurdles for expansion, un-supportive ecosystems. ...among others.
The big companies rarely innovate because they get their way by lobbying with the government. Socialistic policies that throw money at the poor rarely have a long term benefit. It also breeds laziness. Frankly we have to admit that one section of our society is not going to work and there's no point in throwing money on them.
Therefore my budget should:
1. Provide entrepreneurs with ease to set up and operate their business
2. Create avenues and forums to help provide money and managerial support for them
3. Remove infrastructural roadblocks and create high speed corridors to operate businesses
4. Set up platforms where they can collaborate and meet innovators for mutual benefit
5. Attract international talent to infuse a global perspective.
In my opinion by unlocking the potential of this segment, the government will unleash a wave of economic progress which will benefit all sections of society who will now have role models to emulate.
Economics is all about enterprise and not managing the books of account. Right now is the opportunity. Let's hope our hon. Finance Minister grabs it.

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