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Vandana Bahl's avatar

Dear Anil,

Very informative article. The description by Sajith of India 1, 2 and 3 is very interesting!

Last few years have been very turbulent for our economy especially due to the Pandemic.Many strong entrepreneurs dived into new business opportunities, tested their ideas and were successful.India supports the rise of start ups due to its low cost skilled labour, funding from international and national investors and diverse growth opportunities.

Top gainers have been the fintech and financial services, retail and e-commerce and ed tech companies.At present there are around 105 unicorns, including health care services.The emergence of these startups is driven by millions of new customers in India and new international presence of India ..Let's hope it is able to solve the most serious problem of vast unemployment and disguised unemployment in the country.

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Balesh Kumar NIC's avatar

Hi Anil !

I have my reservations on all the inferences which are being drawn from Indus valley report . The reservations arise from the statistics used and analysis done on that . While the start ups have helped democratise the economic structure , it is pre mature to assess its impact as significant on the macro economy . The percentage of failures among the Units which arose is significantly high for to be ignored , Probably the lack of regulatory framework , not necessarily of the Government , need to be looked at .

I will like to go back to your deep understanding, as to highlight the three real accelerators of the present times of the Indian Economy;

Digitisation

GST

World'sbest combat strategy against Covid Pandemic devised in India

Sorry for the dissent .

regards

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