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Startups are reshaping India's technology template

BUSINESS ECONOMICS

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November 01 - 30, 2024

"You shouldn't focus on why you can't do something, which is what most people do.

- Tushar K Mahanti

Startups are reshaping India's technology template

You should focus on why perhaps you can, and be one of the exceptions" says Steve Case, the co-founder of AOL. This probably defines the mindset of Indian start-up entrepreneurs; they are treading into areas which apparently would look unconventional and complicated. Indian start-ups are everywhere today, from space to health to e-commerce to education.

As the name implies Indian start-ups began small each with specific goals and with defined working mechanisms. Backed by the growing tech power and the ambition to succeed, the Indian startup ecosystem has grown to become a global power today.

If one goes back to the history, one would find that way back in the 1980s Indian startup ecosystem began humbly with just a few pioneering IT service companies such as TCS, Infosys and Wipro. With their innovative enterprises and technical supremacy they have turned global leaders today and have placed India firmly on the world technology map.

These companies invested in technology and leveraged the country's young, tech-trained workforce to provide costeffective technology services to clients across the globe. The result is the emergence of a booming technology industry that currently employs about five and a half million people and generates an estimated $ 250 billion in revenues.

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