Start up and Stand Tall (On India’s start-up ecosystem)

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.


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 — from the founding of new startups, to global investor interest, to the advances made in infrastructure and policies.

India’s unique position in the world
  1. First, India has 62% of the population in the working age group. And the ability of the young generation to take risks, move fast, and disrupt things without fear, has become the biggest asset today.
    • Indians likely to have an estimated 850 million internet users by 2030 and, it has the opportunity to be a global game-changer.
  2. Second, in 2021 alone, Indian startups have raised $20 billion in funding. The startup economy has brought new business opportunities, innovation, tech-centric approaches and job creation across sectors. It paves the way for innovation and expanding global footprint.
  3. Third, according to Nasscom, India has 50-plus strong “Unicorn club” in 2021, the country now finds itself at the epicentre of entrepreneurship.
    • unicorn refers to any startup that reaches the valuation of $1 Billion.
Must Read: An ambitious goal for India’s 100th year of Independence
Growth of start-up ecosystem in India

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.

  • Indian startups are also taking big strides in building synergies and partnerships with global entities.
  • Amid the Covid-19 pandemic, Indian startups have rapidly innovated to provide indigenous, tech-enabled solutions to combat challenges.
  • One of the paradigm shifts has been systemic shift to online education and remote learning at scale.
What more can be done?
  • Education, reskilling, and upskilling of our workforce is crucial.
  • Apart from policy-level decisions, India’s corporate sector should cultivate entrepreneurialism, and create partnerships to build impactful technology solutions, sustainable and resource-efficient growth.
  • Focus on developing solutions that allow businesses in key sectors to meet goals of national importance.


The collective efforts of the public and private sectors to improve physical and digital connectivity will help unlock the untapped potential of rural and semi-urban India to truly lead Industry 4.0.

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