HomeBudget 2023Ravi Pratap Maddimsetty: Indian SaaS Industry expects reforms in Budget 2023 to compete globally

Ravi Pratap Maddimsetty: Indian SaaS Industry expects reforms in Budget 2023 to compete globally

Reader's Pick

The software-as-a-service (SaaS) industry in India has seen tremendous growth in recent years, with the sector expanding by over three times. This is according to Ravi Pratap Maddimsetty, Co-founder of Beaconstac, who believes the Indian SaaS ecosystem is ready to compete on a global level.

In a recent statement, Maddimsetty stated that the upcoming budget is an opportunity for the Indian SaaS industry to receive support from the government to help it compete on a global scale. He added that the industry needs easier access to capital and talent in order to be able to compete with the global market outside of India.

The Indian SaaS industry has been growing rapidly, with many startups and established companies offering innovative solutions to businesses across the country. The industry is expected to continue its growth trajectory in the coming years, and with the right support from the government, it could become a leading player on the global stage.

As the country prepares for the upcoming budget, many in the SaaS industry are hopeful that the government will recognize the potential of the sector and provide the necessary support to help it reach its full potential. Whether it’s through tax breaks, easier access to funding, or other incentives, the Indian SaaS industry is ready to take on the world and make a lasting impact.

Subscribe to our Newsletters

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

“This is Not A Bailout” Minister Karin Keller-Sutter on UBS Credit Suisse Takeover

Speaking about the merger of UBS and Credit Suisse, Switzerland Finance Ministe...

HDFC Bank Partners with Manipal Global Skills Academy to Launch LXP – An All-Women Job-Ready Training Program

HDFC Bank today announced the launch of the Leadership Excellence Program (...

Protesters sing Bella Ciao song during Italian PM Giorgia Meloni’s speech

Some protesters greeted Italian Prime Minister Giorgia Meloni with the anti-fas...