We welcome the decision taken by the new government to abolish the Angel Tax which had been levying a heavy 30.9% charge on investors and had been a contentious issue for the sector. The abolition of the tax will stride and strengthen the entrepreneurial spirit in the nation by enabling more and more investors to support startups, and thereby drive economic and technological growth of the nation. I am confident with decisions like these India is on the right path of becoming a ‘Viksit Bharat’ by 2047
