The document discusses key drivers contributing to India's rising startup culture including market potential and consumer base, a supportive ecosystem with government initiatives and incubators, and digital infrastructure and technology with a large internet user base and tech-savvy workforce.
The document discusses key drivers contributing to India's rising startup culture including market potential and consumer base, a supportive ecosystem with government initiatives and incubators, and digital infrastructure and technology with a large internet user base and tech-savvy workforce.
The document discusses key drivers contributing to India's rising startup culture including market potential and consumer base, a supportive ecosystem with government initiatives and incubators, and digital infrastructure and technology with a large internet user base and tech-savvy workforce.
The document discusses key drivers contributing to India's rising startup culture including market potential and consumer base, a supportive ecosystem with government initiatives and incubators, and digital infrastructure and technology with a large internet user base and tech-savvy workforce.
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1/ 2
India's startup culture has been on a remarkable rise in recent years, and several
factors are contributing to this exciting trend. Here are some key drivers:
Market Potential and Consumer:
60m who earn over 8 lakh per year, it was 24m in 2015 expected to grow 100m by 2027(goldman sachs)
Supportive Ecosystem: Government Initiatives: The "Startup India" initiative & Atal Innovation mission. Ease of doing business in india, ranked 63 compared to 142 in 2014. The trajectory shows a positive environment and ecosystem
HNIl Investors and Venture Capital: a major economy with highest growth rate, which is on way to surpass Japan and Germany to become 5, it gives the image of strong and stable economy because of which, HNI and FDI and showing their trust in Indian start up.
Incubators: 20 in early 2000s, 650 at present.
GIFt city. Tax exemption for 10 years, regulatory ease, global funding access, and a talent pool coming from 23 iit, 31 nit, 21 iims, 25 iiits
Digital Infrastructure and Technology:
Digital Adoption: India has one of the largest internet user bases globally, and the government's focus on digital infrastructure like broadband and digital payments creates a fertile ground for tech startups. 900m internet users. 300m online shoppers Tech-Savvy Workforce: India has a large pool of young, tech-savvy talent that fuels the development and adoption of innovative solutions.
Shark tank india.
It brought a change in the mindset of Indian parents who use to dissuade their child to start a new business and expected them to do salaried jobs. It had a bigger societal impact that will allow more start ups to emerge.
Copied start ups like chingari, sharechat, mx takatak etc won’t go big. Indian start ups should focus on new ideas or bring something new to the table that adds value addition to the table.
India's Readiness For Digital Economy: Cashless Economy Authored by Ajit Kumar Roy, Authored by Ajit Kumar Roy, Contributions by Ajit Kumar Roy List Price: $29.99 6" X 9" (15.24 X..
