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Byju’s-Paytm Aftermath: Time for National Startup Advisory Council to prove its worth

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Byju’s-Paytm Aftermath: Time for National Startup Advisory Council to prove its worth

The National Startup Advisory Council (NSAC) in India has the potential to support and strengthen the country's startup sector. With over 100,000 recognized startups, India's startup arena has faced challenges due to funding shortages and concerns about business practices. The NSAC, constituted by the Department for Promotion of Industry and Internal Trade, advises the government on building a strong ecosystem for startups. It can help startups enhance their governance structures, establish robust systems and processes, address vulnerabilities in their growth ambitions, and focus on delivering quality services to ensure sustained viability and customer satisfaction. Furthermore, the NSAC could play a role in fostering the governance mechanism in the fintech industry.

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