That's true and is heartening -
because it is one natural corollary to economic growth where India looks well
poised for another growth story.
And whenever it happens here, it
is quite satisfying socially (and should well be socio-politically).
After all, it creates success
stories from among us - giving us empowerment of that 'value system' that all
is not lost - that we can be on our own as we want, as we aspire. Yes, we need
to work for that and we need to work on those irritating and frustrating
sentiments that we so frequently encounter.
Events like 'Startup India' are
much needed and natural initiative that the Government of India should take,
especially after India's prowess in services sector creating behemoths of
services sector and a dependent economy that runs in hundreds of billions of US
dollars - a gold mine for startup entrepreneurs.
And they are doing it quite an
early age - like the trend has been in the Mecca of startups - in Silicon Valley
and others areas in US - with Microsoft, Apple, Google, Facebook, Uber and many
more success stories.
The average age of startup
founders in India is around 28 years - that follows the global trend with
markets with robust services sectors.
Catching the trend here are
companies like Flipkart, Ola, Snapdeal, Paytm, Quikr, Zomato and Shopclues -
all valued at over a billion US dollar - with Flipkart leading the pack with
US$ 15 billion valuation.
According to a NASSCOM report on
startups, India had 3100 tech startups in 2014 that is expected to grow by
multiple times - to reach to the mark of 11500 by 2020. So, we can expect the
overall scenario - including every sector of economy - yes, the pack would be
led by Information-Technology companies - due to all pervasive nature and
'great leveller and enabler capacity' of communication technologies - but would
not be limited to it.
India is on the way to become the
world's largest middle class by 2030 but that landmark may arrive much earlier
and that is big market - in fact the biggest market - driven in a major way by
the services sector of the economy.
To continue..