With access to capital, a mindset of research and support of government agencies and corporations together, India is set to witness a sparkling revolution beyond the Tier-II in the coming decades.
India is on the cusp of transformation. 75 years young and thriving like never before. With innovation at the core and a mammoth young population, India is set to witness the most imaginative years in the coming future. As the world order resets itself, with China not being the favorite choice for businesses across the globe and the USA’s shaky position as the world’s most powerful superpower, India has the opportunity to become a thriving new economy.
Hailing from a Tier-II city of India, what excites me the most is the sheer opportunity of innovation in the vastness of this nation. The regional diaspora, the cultural expanse, the pain points and problems of the grassroot level offer a playground for innovation.
Solving real problems and impacting people’s lives at the very ground level is the opportunity that presents itself to millions of next generation tech entrepreneurs who can manage to bring about a revolution using technology.
We should also acknowledge the fact that we take pride in our thriving startup ecosystem and it has been one of the highlights of India’s 75 years of Independent journey, especially in the last 20. However, these young first-time entrepreneurs need to be backed with enough funds, investment and business support to sustain all weathers of a business lifecycle.
For the longest period, Investors in India have chosen predictable and imitative businesses to invest in expecting FD-like assured returns from a startup. Unfortunately, business models that are truly innovative and untested, find no interest among the investor communities. Such research, innovation and technologies need to be supported and the government needs to step in. Real innovation will always have a high inherent risk which Indians are till date averse to.
To sum up, India at 75 looks younger than ever, with a fresh zeal and enthusiasm to change the world and emerge as the global leader on all fronts. Being a truly knowledge-driven economy, our progress will be fueled by innovation and the ability to generate value and wealth should propel India’s youth from the heartland.