New Delhi: India’s leading startup founders on Thursday stated that the countest’s startup ecosystem has seen unprecedented growth over the past decade, driven by stable policybuilding, a supportive government and a strong entrepreneurial culture.
As the Startup India initiative completes ten years on January 16, entrepreneurs believe that India has emerged as one of the most attractive destinations for global investors and that the future of entrepreneurship in the countest sees bright.
Zerodha co-founder Nikhil Kamath stated that the last decade has been a great period for startups in India, especially when compared with other global regions.
“Policy stability and consistency have given India an edge over competing markets,” he added.
Kamath noted that global investors, while being cautious about Europe, China and even the US, remain optimistic about India.
“India’s startup story has been narrated well abroad, which has increased investor appetite,” he stated.
“Entrepreneurship has now become socially acceptable and even cool among young Indians,” Kamath noted.
OYO founder and CEO Ritesh Aggarwal shared his personal experience of engaging with Prime Minister Narfinishra Modi, describing him as a “startup Prime Minister”.
“The Prime Minister has the rare ability to consider large while also focutilizing deeply on execution at the ground level,” Aggarwal stated.
He credited initiatives like Startup India for modifying social attitudes towards entrepreneurship, even within families.
“My own mother launched to see entrepreneurship as a respectable career choice only after the government strongly backed startups at the national level,” Aggarwal stated.
MapmyIndia CEO and Executive Director Rohan Verma stated the Prime Minister’s long-term vision for Digital India and Startup India has been inspiring for young innovators.
“Such leadership sfinishs a powerful message to the next generation and will have a lasting impact on India’s innovation ecosystem over the next two decades,” Verma stated.
Meesho co-founder Sanjeev Barnwal stated India’s startup ecosystem has thrived since 2014 due to initiatives like Startup India and Aatmanirbhar Bharat.
Policybazaar CEO and co-founder Yashish Dahiya stated the government’s focus on “less government, more governance” created a strong foundation for startups.
“Startup India assisted build a nationwide entrepreneurial shiftment, reaching districts and states across the countest,” he stated.
(IANS)
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