August 16, 2015 by insportsvilla
India has grown by leaps and bounds over the last two decade in almost every aspect we can think of. Spending power of Indians has increased, e-commerce has seen a boom establishing a new retail channel, India reached to Mars entering into the few elite countries club who have been able to achieve this feat. Apart from all this, one thing that has significantly added to India’s positioning on global map is the evolving startup ecosystem.
With almost 3500 new businesses starting each year (as per NASSCOM) coupled with increased investors interest to provide support to such ideas, India is seeing a growing number of people’s interest, ready to solve the most pressing problems that the country faces. Enterprises such as Ola, Flipkart, Snapdeal, FreshDesk, Practo; all of these have shown how Indian enterprises can build some great products that can compete globally and define Industry standards too.
Amidst all these, the recent kick start of Startup India; Stand-up India campaign by the Prime Minister of India from the ramparts of Red Fort, would add a lot to the ecosystem. The announcement would:
- Give fresh boost to entrepreneurs and motivate to-be-entrepreneurs to start up and take the jump.
- An increased belief on governments policies
- Increased interest from the Investors circle in the Ideas
- Better financing options availability for the startups
- More liberal terms and relaxed policy rules for the new businesses starting up
The central government is being said to be a pro business government, making all possible policy level changes to ease the doing of business in the country. Hope, this announcement brings ground level impact and shapes our country into one of the most business friendly nation worldwide.