"Not Just Government, But Private Sector as Well Will Determine Growth of Startups"
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Niraj Shah, Co-National Director, BNI India, talks about how in the last decade the whole entrepreneurial ecosystem has flourished in India. It is certainly becoming easier to do business and people have much more interest in being an entrepreneur. 25-30 years old of entrepreneurs are going to take this wave to a whole new level. With the government’s focus on Start-ups, India is going to thrive. Research centre under the start-up policy is going to have huge impact.
With a combinative experience of having worked with over 10,000 entrepreneurs he shares his view that people have a lot more interest in being an entrepreneur and this zeal is fueling growth. With innovations like startup India, the government is putting focus that is really going to drive the entrepreneurial zeal to another level that they have.
The government has a role to play but a lot of other people also come in play to determine the growth of the industry, such as the private sector, successful entrepreneurs, angel investors, and if the whole spectrum comes together then there’s no stopping. It’s going to be the decade of startups. Further, the tax rebates are going to get people into innovations that we can take advantage of, especially bricks and mortar type of business, use of technology is going to help, and research centers that the government is going to start is going have a huge impact because that level of play is only possible with the government’s intervention.
With a population of one billion plus people so many local solutions can be generated, he said.