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Saket Sambhav
Adjuva LegalĀ ā¢Ā 6m
Are Indian startups truly innovating, or are we stuck in the "fancy ice cream and grocery delivery" trap? As someone passionate about Indiaās entrepreneurial journey, letās unpack the bigger picture. š The Good: Indiaās startup ecosystem is boomingā160,000+ startups, 120+ unicorns, and 5,000+ DeepTech ventures, as our Minister Mr Goyal highlighted. Initiatives like Startup India have brought tax exemptions (3-year income tax holiday under Section 80IAC), easier compliance, and IPR fast-tracking for DPIIT-recognized startups. The governmentās push for DeepTech in AI, semiconductors, and green tech is a step toward global competitiveness. š The Reality Check: But for every unicorn, there are thousands of startups in smaller cities facing unreliable power supply, bureaucratic red tape, and bribe demands. Entrepreneurs are often forced to travel miles for basic approvalsāwhereās the "Digital India" for them? While tax benefits exist, eligibility criteria (e.g., turnover under ā¹100 crore, innovation focus) exclude many. Funding is another hurdleādespite $11.3B in VC funding in 2024 (a 43% rise), domestic capital remains scarce, leaving startups reliant on foreign investors. šŖ“ Whatās Needed: Goyalās call for innovation is spot-on, but it must be backed by action. We need: ā Reliable infrastructure (24/7 electricity, etc.) ā A bribe-free, streamlined bureaucracy ā More domestic capital to fuel DeepTech dreams ā Support for startups beyond metrosāinnovation should thrive in every district! Indiaās entrepreneurial spirit is unstoppable, but itās time for the government to match that energy with real, on-ground support. Letās not just build for Bharatāletās empower every entrepreneur to innovate for the world. Whatās your take? Are Indian startups getting the support they need to go global? Drop your thoughts below!
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