The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Tamojit Ganguly, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
Start ups in India have long faced an uphill task in opening their chapters in India given India ranking 142 in terms of ‘Ease of doing business’ till the last UPA government, as per World Bank report. But the nights full of darkness and terror are apparently on their way to the graves giving way to brighter business days. Though the above figure has climbed up to 130, as revealed by the October month report from the World Bank, India still has a long path to traverse. But, the brighter side remains that the Government at the centre seems to have taken note of this, given the horde of business friendly measures it has determined to execute.
In its latest stance for creating businesses in India and generating avenues of employment, the government at the centre has promised to provide start-ups a friendlier regulatory regime and easier capital availability. Recently, the government of India has also introduced the bankruptcy bill in Parliament to deal with corporate insolvency. Needless to mention that this will benefit both sides of the investment coin- the investors and the company.
With 4200 start-ups at present, India ranks third globally in terms of number of start-ups in a country. Also, with $ 9 billion being plummeted into business, year 2015 saw the barrage of investment inflows into start-ups in India. 9 start ups have been valued at more than a billion dollars.
The Start Up India being unveiled today, on the 16th of Jan, 2016, at Vigyan Bhavan in New Delhi, will envisage technology business incubators and research parks. The top gear speed in start-up vehicle in India has impressed industry experts with Softbank CEO calling it the beginning of the start-up Big Bang Boom in India.
India has long seen decades of import dependence, but with the prevailing government’s emphasis on ‘Make in India’ and ‘Start up India’, the murky days finally seem to be over and be followed with brighter days. Foreign Investors are showing their faith in India as one of the best places to invest among emerging economies. It’s high time that politicians in India too think in similar lines and lead the way for a ‘Brighter and Better India’ and not offset this Big Bang.