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Startup Founders Credit Policy Stability for India's Decade of Growth

India's startup founders celebrate a decade of the Startup India initiative, highlighting unprecedented ecosystem growth driven by stable government policies. They credit initiatives like Startup India and Aatmanirbhar Bharat for making entrepreneurship socially acceptable and attracting global investment. Founders specifically praised the government's vision and execution, noting increased investor optimism for India compared to other global markets. The consensus is that this foundation will fuel India's innovation ecosystem for the next two decades.

Key Points: India's Startup Boom: Founders Praise Policy Stability & Govt Support

  • Unprecedented startup growth over past decade
  • Stable policymaking key competitive edge
  • Initiatives like Startup India changed social attitudes
  • Global investors remain optimistic about India
2 min read

India's startup ecosystem flourished under stable policies: Startup founders

Leading founders credit stable policies and government initiatives like Startup India for the ecosystem's unprecedented growth over the past decade.

"Policy stability and consistency have given India an edge over competing markets. - Nikhil Kamath"

New Delhi, Jan 15

India's leading startup founders on Thursday said that the country's startup ecosystem has seen unprecedented growth over the past decade, driven by stable policymaking, 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 country looks bright.

Zerodha co-founder Nikhil Kamath said 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 Narendra Modi, describing him as a "startup Prime Minister".

"The Prime Minister has the rare ability to think big while also focusing deeply on execution at the ground level," Aggarwal said.

He credited initiatives like Startup India for changing social attitudes towards entrepreneurship, even within families.

"My own mother began 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 said the Prime Minister's long-term vision for Digital India and Startup India has been inspiring for young innovators.

"Such leadership sends a powerful message to the next generation and will have a lasting impact on India's innovation ecosystem over the next two decades," Verma said.

Meesho co-founder Sanjeev Barnwal said India's startup ecosystem has thrived since 2014 due to initiatives like Startup India and Aatmanirbhar Bharat.

Policybazaar CEO and co-founder Yashish Dahiya said the government's focus on "less government, more governance" created a strong foundation for startups.

"Startup India helped build a nationwide entrepreneurial movement, reaching districts and states across the country," he said.

- IANS

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Reader Comments

S
Sarah B
As someone who moved to Bangalore for work, the energy here is incredible. It's not just the big cities though - I've met founders from tier-2 and tier-3 towns with amazing solutions for local problems. The ecosystem's reach is impressive.
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Rohit P
While the growth is undeniable, I hope this momentum translates into more sustainable businesses and not just valuation games. We've seen too many flash-in-the-pan startups. The focus should be on solving real problems for Bharat, not just metro consumers.
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Priya S
Ritesh Agarwal's point about family attitudes hits home! My parents were dead against me leaving my corporate job, but after seeing the success stories and government support, they've become my biggest cheerleaders. Yeh badalta soch hai. ✨
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Michael C
The investor confidence part is key. From a global perspective, India does stand out as a bright spot amidst uncertainty elsewhere. The narrative has definitely shifted from "outsourcing destination" to "innovation hub".
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Kavya N
Digital India and Startup India going hand-in-hand is the real secret. Jio's data revolution put a smartphone in every hand, and startups built services for them. It's a virtuous cycle. Excited for what the next decade brings!

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