What should we do to make India a nation that innovates with new products and embraces newage industries?
Economics and politics are ultimately downstream of culture. When a society has a culture of risk-taking, aspiration and chasing excellence, the economics and politics of that society will begin to reflect certain kinds of behaviours.
It is sometimes easier to understand our own society by drawing analogies from another. Let's look at the European Renaissance. After the decline of the Roman Empire, Europe remained a backwater for about a thousand years. Then, suddenly, in the 15th and 16th centuries, a large number of extraordinary innovators emerged [Leonardo] da Vinci, Michelangelo, Galileo, Vasco da Gama and Columbus. Even Shakespeare wrote his plays during this time. Within just a few generations, you witness a surge of risk-taking across diverse fields. This shift in culture led to five hundred years of European dominance.
The same phenomenon has happened in Bengal. For a century, from the mid-19th century to the mid-20th century, Bengal produced a large number of remarkable individuals like Swami Vivekananda, Sri Aurobindo, Netaji Subhas Bose, AJC Bose, Mohini Mohan Chakravarti and Rabindranath Tagore. These individuals excelled in diverse fields.
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Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
The Best Valuation Need Not Be the Highest
Info Edge founder and veteran start-up investor Sanjeev Bikhchandani talks to Deepsekhar Choudhury about high valuations and corporate governance in start-ups. Edited excerpts
GCCS Shaping Start-Ups
The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.
Behind the Scenes
Evaluating start-ups is more than number crunching. While some factors are quantifiable, many are more nuanced. Here's a sneak peek inside the war room from where the rankings emerged
Start-Ups have Generated 17.28 Lakh Direct Jobs
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On the Road Less Travelled
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Being Local Matters
India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.
CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Recognizing Visionaries Who Inspire Growth, Innovation, and Progress
At the End of the Day, You Bet on Founders
Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts
Time to Go Global
India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.
