In a rapidly evolving economy, both startups and tech giants stand to benefit from harnessing the entrepreneurial and innovative spirit that start-ups bring to the table
RAJEEV CHANDRASEKHAR
The fear of a funding winter has set in among the country's start-ups. How do you view this development?
My experience has taught me that there will be cycles and volatility in investment and investors. Periods of confidence are followed by hubris and then corrections. This is almost a predictable cycle which I have seen many times. But through it all, ventures that have good ideas, execution and integrity endure and succeed. Talent is a magnet for investors, and it is innovation and winning good products and services that will always find capital.
It is certainly true that we are living in a challenging global scenario. Global trends, hyperinflation, sluggish growth and events, such as the Ukraine-Russia conflict and ongoing developments in the Middle East, are certainly increasing risk aversion and reciprocally slowing risk capital flows globally. However, India continues to stand strong as the world's fastest growing economy, a testament to our resilience. I am very confident that our start-ups and innovation ecosystem will navigate through these challenges.
Instead of being just a global back office of IT-enabled services, India has recently ventured into niche areas like semiconductor design and commercial space services. Where is India's innovation ecosystem headed?
Denne historien er fra November 2023-utgaven av Outlook Business.
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Denne historien er fra November 2023-utgaven av Outlook Business.
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SHANKAR PRASAD
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