{"id":126704,"date":"2021-08-17T18:41:38","date_gmt":"2021-08-17T13:11:38","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=126704"},"modified":"2021-08-18T09:39:21","modified_gmt":"2021-08-18T04:09:21","slug":"start-up-and-stand-tall-on-indias-start-up-ecosystem","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/start-up-and-stand-tall-on-indias-start-up-ecosystem\/","title":{"rendered":"Start up and Stand Tall (On India&#8217;s start-up ecosystem)"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\"><strong>Source<\/strong>: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/indianexpress.com\/article\/opinion\/columns\/how-startup-ecosystem-can-help-india-become-powerhouse-of-global-economy-7457018\/\" target=\"_blank\" rel=\"noopener\">Indian Express<\/a><\/span><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>Relevance<\/strong>: Demographic dividend and role of start-ups in Indian economy<\/span><\/p>\n<p><strong>Synopsis<\/strong>: India@75 is on the height of change and, it needs a golden era of global entrepreneurship, technology, and innovation for India@100.<\/p>\n<h5><strong>Context<\/strong><\/h5>\n<p>While India has historically and culturally been an entrepreneurially-driven nation, the last decade-and-a-half has witnessed a significant change in the landscape \u2014 from the founding of new startups, to global investor interest, to the advances made in infrastructure and policies.<\/p>\n<h5><strong>India&#8217;s unique position in the world<\/strong><\/h5>\n<ol>\n<li>First, India has <strong>62% of the population in the working age<\/strong> group. And the ability of the young generation to take risks, move fast, and disrupt things without fear, has become the biggest asset today.\n<ul style=\"list-style-type: disc;\">\n<li>Indians likely to have an estimated 850 million internet users by 2030 and, it has the opportunity to be a global game-changer.<\/li>\n<\/ul>\n<\/li>\n<li>Second, in 2021 alone, Indian startups have raised $20 billion in funding. The <strong>startup economy<\/strong> has brought new business opportunities, <strong>innovation, tech-centric approaches <\/strong>and job creation across sectors. It paves the way for innovation and expanding global footprint.<\/li>\n<li>Third, according to Nasscom, <strong>India has 50-plus strong \u201cUnicorn club\u201d in 2021<\/strong>, the country now finds itself at the epicentre of entrepreneurship.\n<ul>\n<li><em>unicorn\u00a0refers to any\u00a0startup that reaches the valuation of $1 Billion.<\/em><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #f7f2f2;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Must Read<\/strong>: <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/a-rupee-wish-for-india100\/\" target=\"_blank\" rel=\"noopener\">An ambitious goal for India\u2019s 100th year of Independence<\/a><\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><strong>Growth of start-up ecosystem in India<\/strong><\/h5>\n<p>Today, India is home to more than 40,000 startups and is building a robust tech and internet infrastructure. The steady rise of Indian IT companies in the 2000s, a large talent pool of a skilled workforce, increased expendable income, and rising capital inflows have all contributed to this.<\/p>\n<ul>\n<li>Indian startups are also taking big strides in <strong>building synergies and partnerships<\/strong> with global entities.<\/li>\n<li>Amid the Covid-19 pandemic, Indian startups have rapidly innovated to <strong>provide indigenous, tech-enabled solutions to combat challenges<\/strong>.<\/li>\n<li>One of the paradigm shifts has been <strong>systemic shift to online education<\/strong> and remote learning at scale.<\/li>\n<\/ul>\n<h5><strong>What more can be done?<\/strong><\/h5>\n<ul>\n<li>Education, reskilling, and upskilling of our workforce is crucial.<\/li>\n<li>Apart from <strong>policy-level decisions<\/strong>, India\u2019s corporate sector should cultivate <strong>entrepreneurialism<\/strong>, and create partnerships to build impactful technology solutions, sustainable and resource-efficient growth.<\/li>\n<li>Focus on developing solutions that allow businesses in key sectors to meet goals of national importance.<\/li>\n<\/ul>\n<p><strong>Conclusion<\/strong>:<\/p>\n<p>The <strong>collective efforts of the public and private sectors to improve physical and digital connectivity<\/strong> will help unlock the untapped potential of rural and semi-urban India to truly lead Industry 4.0.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Terms to know<\/strong><\/span>:<\/p>\n<ul>\n<li><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/industrial-revolution-4-0\/\" target=\"_blank\" rel=\"noopener\">Industrial Revolution 4.0<\/a><\/strong><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: Indian Express Relevance: Demographic dividend and role of start-ups in Indian economy Synopsis: India@75 is on the height of change and, it needs a golden era of global entrepreneurship, technology, and innovation for India@100. Context While India has historically and culturally been an entrepreneurially-driven nation, the last decade-and-a-half has witnessed a significant change in&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/start-up-and-stand-tall-on-indias-start-up-ecosystem\/\">Continue reading <span class=\"screen-reader-text\">Start up and Stand Tall (On India&#8217;s start-up ecosystem)<\/span><\/a><\/p>\n","protected":false},"author":10316,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[3574,216,9120],"class_list":["post-126704","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-economic-growth","tag-gs-paper-3","tag-startup-economy","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704944568},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/126704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10316"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=126704"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/126704\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=126704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=126704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=126704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}