Remarkable Potential of Indian Startups

Context:   The Indian startup scene is vigorous and no longer a hotbed of me-too companies racing to get some money from venture capital, and inflate valuations. However, some distress remains.

Innovation by Startups in India that evokes admiration:

• Designing electric propulsion in space using a technology different from pre-existing ones.
• Use of artificial intelligence to analyse X-ray scans.
• Deployment of augmented reality to teach children.
• The social impact focus of some farm-related enterprises

Distressing Feature of Indian Startups 

• Concentrated Development: Most of the startups are situated in Bangalore, with some residing at major cities like Pune, Mumbai and Delhi N.C.R only.

• Connections with San Francisco: The need for the startups to have connections with foreign innovation location is because of:

• Lack of Research in Higher Education.

• Failure in encouraging a culture of entrepreneurship: 

• For, E.g. Despite being a hub of excellence in education, Kolkata has failed to attract entrepreneur due to Marxist ideological opposition.

• Preference to Risk Avoidance: Much Indian capital hesitate to move into venture space aggressively.