“If there is one decisive outcome of what we have done over the past five to six years and what is now clear, it is that confidence among investors, consumers, companies and corporations around the world about the capabilities of this generation of entrepreneurs. beyond question. I think this is the big leap that has been made. And it’s not just about consumer technology or D2C (direct to consumer)… it covers the entire spectrum of what we call a digital economy today. ” he said.
Chandrasekhar said that whether it is in the field of AI, Web3, semiconductors or microelectronics, each of these subspecialties is highly capable startups and young entrepreneurs working in the country. “The foundation of India’s capabilities is well established and in many ways has moved away from the old narrative of us being the back office.”
Commenting on the slowdown in investment inflows into startups and corporates, Union Commerce and Industry Minister Piyush Goyal said he is not much worried about the ‘financing winter’. “There’s always a need for a reality check after every few years and I see this as one of those periods where our startups are going to mature… we’re going to see a little bit of attrition.” He added that his experience running a business in his youth taught him that such macroeconomic headwinds also have their own benefits. “My experience is that when you have too much money, you tend to make mistakes, you tend to screw up. A little bit of a tight environment… will always be good for business. Such occasional roadblocks will keep our startup just help ecosystem mature.”
Satyan Gajwani, vice chairman of Times Internet, said that while last year showed that it is not always easy to scale, at the same time he believes it has brought out the best in the Indian startup ecosystem. “Because leaders who were previously forced to grow, grow, grow and later worry about profitability and sustainability are now being placed in a position where they must demonstrate their ability to run real, sustainable, sustainable and responsible businesses to build. And ultimately the companies that do that. As a result of all this, the results will be stronger, more weatherproof and better,” he said.
