Budget 2024: Zerodha's Nithin Kamath proposes big change in capital gains from the sale of property to boost startups

Nithin Kamath, co-founder of Zerodha, has raised concerns about structural unemployment among Indian youth, emphasizing the need for targeted measures in the upcoming Union Budget. Despite India's impressive economic growth rates, issues with job creation persist, particularly in formal sectors. Kamath highlighted the importance of stimulating entrepreneurship in rural areas often overlooked by traditional investors, proposing amendments to tax laws to incentivize startup investments. He suggested extending tax exemptions currently applicable to residential property reinvestments to include investments in startups, aiming to bolster economic growth and address youth unemployment.