Zerodha CEO Nithin Kamath said that one of the biggest challenges in the Indian economy is youth unemployment. He said, "Growth will always be uneven unless this improves." He stressed that the solution could be encouraging entrepreneurs in small towns or villages in India. He further said, "One of the things I hope the budget addresses is section 54F. This section offers tax exemptions on the capital gains earned from the sale of any asset if the proceeds are reinvested in a residential property." He said it included the investment in startups and residential property. Nithin Kamath mentioned that some people might misuse the law still the potential upside would be great than minor risk. Zerodha Kite Glitch Causes Users To Lose Lakhs of Rupees, Company Says Problem Was Due to Connectivity Issue at BSE and ‘Issue Now Resolved’.

Zerodha CEO Nithin Kamath on Biggest Challenges of Indian Economy

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