Indian FM's Budget gift for startups: Angel tax abolished, new VC fund for space sector

Indian FM's Budget gift for startups: Angel tax abolished, new VC fund for space sector

Indian finance minister Nirmala Sitharaman. Photo: Reuters

India’s space startups are poised for a liftoff with Finance Minister Nirmala Sitharaman announcing the government’s plan to set up a sector-focused Rs 1,000-crore (about $120 million) venture capital fund.

Edited by: Padma Priya