<p>New Delhi: Finance Minister Nirmala Sitharaman on Thursday proposed some tax benefits to startups and pension funds.</p><p>The government has taken various measures to promote startups in the country. As many as 1.17 lakh startups are recognised by the government so far.</p><p>An Action Plan for Startup India was unveiled on January 16, 2016. In this, the government provides tax and non-fiscal incentives.</p><p>The minister also said that the <a href="https://www.deccanherald.com/business/union-budget/union-budget-2024-finance-minister-proposes-committee-to-study-population-growth-opposition-finds-it-suspicious-2874893">Indian economy</a> has been put on strong and sustainable growth path.</p><p>The finance ministry in its latest monthly economic review said that the Indian economy will become the third largest in the world in the next three years with a GDP of $5 trillion from the current $3.7 trillion.</p><p>It also said India can aspire to become a $7 trillion economy in the next six to seven years (by 2030).</p>
<p>New Delhi: Finance Minister Nirmala Sitharaman on Thursday proposed some tax benefits to startups and pension funds.</p><p>The government has taken various measures to promote startups in the country. As many as 1.17 lakh startups are recognised by the government so far.</p><p>An Action Plan for Startup India was unveiled on January 16, 2016. In this, the government provides tax and non-fiscal incentives.</p><p>The minister also said that the <a href="https://www.deccanherald.com/business/union-budget/union-budget-2024-finance-minister-proposes-committee-to-study-population-growth-opposition-finds-it-suspicious-2874893">Indian economy</a> has been put on strong and sustainable growth path.</p><p>The finance ministry in its latest monthly economic review said that the Indian economy will become the third largest in the world in the next three years with a GDP of $5 trillion from the current $3.7 trillion.</p><p>It also said India can aspire to become a $7 trillion economy in the next six to seven years (by 2030).</p>