India’s startup landscape has transformed dramatically, evolving from an unfamiliar concept to a regular part of daily discourse. However, further advancements are necessary to create a supportive ecosystem for entrepreneurs across the nation, experts asserted at the Mint India@2047 summit. During the “Strengthening the Hand of the Entrepreneur” session, Amit Jain of CarDekho Group highlighted the hurdles faced by small, bootstrap startups in raising initial capital. He advocated for tax exemptions for firms seeking up to a million in funding to boost early-stage investment.
Rajesh Magow from MakeMyTrip noted that despite the expanding capital pool, sectors like agriculture still lack sufficient focus due to their longer gestation periods. He urged diversification beyond trending businesses to nurture these areas. Aastha Almast of The New Shop emphasized modernizing the unorganized retail segment, which comprises 90% of the industry, to meet consumer needs.
Bhavin Pandya of Games24x pointed out regulatory challenges and the impact of retrospective taxation, emphasizing the necessity for clear regulations to attract investors. Meanwhile, Sameer Aggarwal from Revfin highlighted the importance of integrating India’s technological advancements to enhance connectivity within the ecosystem.
In essence, India’s startup ecosystem is maturing, but key challenges such as early-stage funding, regulatory clarity, and technological integration need addressing to sustain its growth momentum.
Original Story https://www.livemint.com/news/india/india2047-strengthening-the-hand-of-the-entrepreneur-11728387389836.html
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