BOOM

Trending Searches

    SUPPORT
    BOOM

    Trending News

      • Fact Check 
        • Fast Check
        • Politics
        • Business
        • Entertainment
        • Social
        • Sports
        • World
      • Law
      • Explainers
      • News 
        • All News
      • Decode 
        • Impact
        • Scamcheck
        • Life
        • Voices
      • Media Buddhi 
        • Digital Buddhi
        • Senior Citizens
        • Videos
      • Web Stories
      • BOOM Research
      • BOOM Labs
      • Deepfake Tracker
      • Videos 
        • Facts Neeti
      • Home-icon
        Home
      • About Us-icon
        About Us
      • Authors-icon
        Authors
      • Team-icon
        Team
      • Careers-icon
        Careers
      • Internship-icon
        Internship
      • Contact Us-icon
        Contact Us
      • Methodology-icon
        Methodology
      • Correction Policy-icon
        Correction Policy
      • Non-Partnership Policy-icon
        Non-Partnership Policy
      • Cookie Policy-icon
        Cookie Policy
      • Grievance Redressal-icon
        Grievance Redressal
      • Republishing Guidelines-icon
        Republishing Guidelines
      • Fact Check-icon
        Fact Check
        Fast Check
        Politics
        Business
        Entertainment
        Social
        Sports
        World
      • Law-icon
        Law
      • Explainers-icon
        Explainers
      • News-icon
        News
        All News
      • Decode-icon
        Decode
        Impact
        Scamcheck
        Life
        Voices
      • Media Buddhi-icon
        Media Buddhi
        Digital Buddhi
        Senior Citizens
        Videos
      • Web Stories-icon
        Web Stories
      • BOOM Research-icon
        BOOM Research
      • BOOM Labs-icon
        BOOM Labs
      • Deepfake Tracker-icon
        Deepfake Tracker
      • Videos-icon
        Videos
        Facts Neeti
      Trending Tags
      TRENDING
      • #Operation Sindoor
      • #Pahalgam Terror Attack
      • #Narendra Modi
      • #Rahul Gandhi
      • #Waqf Amendment Bill
      • #Arvind Kejriwal
      • #Deepfake
      • #Artificial Intelligence
      • Home
      • Business
      • Are Start-ups The Next Big Thing?
      Business

      Are Start-ups The Next Big Thing?

      By - A Staff Writer |
      Published -  22 July 2015 4:27 PM IST
    • Boomlive

      Experts predict that there will be 100,000 start-ups with a valuation of $500 billion in the next 10 years in India. On #IndiaHangOut, Mohandas Pai and Ajit Balakrishnan discuss the potential of these start-ups to spur the Indian economy.

      "Young Indians coming out of top educational institutions today see the entrepreneurial job as something to aspire for. This is very different from what the scenario in 70s. There was a dramatic social climate change in the 90's in India, which is now coming to fruition," said Ajit Balakrishnan, the founder and Chief Executive Officer of Rediff.com.

      "The current government's commitment to create jobs rests on the start-up industry. We estimate that 3 million jobs will be created in the next ten years in start-ups alone. 75,000 to 80,000 jobs are created every year currently," said Mohandas Pai, the Chairman of Manipal Global Education.

      Speaking about the scope of the growing start-up culture, Pai said, "18 million people are going to come into the workforce. But the good thing is that failure is becoming a great learning experience for all these young entrepreneurs. Failure is now going to be an acceptable part in the future. Earlier, there was no scope. Now the scope is immense. If you fail in one, you can join another."

      Pai picked B2c (business to consumer) companies as a trend that is dominating the market. "In the future, I see a lot of B2B (business to business) high-tech companies coming, trying to make businesses much more efficient. I see companies emerging in healthcare, education, laboratory technology, 3D printing designs - a very wide range of industries. They are all leveraging technology ," he said.

      Watch the above video to find out the panelists' advice for all aspiring entrepreneurs.

      Tags

      #IndiaHangoutAjit BalakrishnanbusinessGovindraj EthirajInnovationInvestmentIT companiesMohandas PaiStart-uptechnologyValuation
      Read Full Article
      Next Story
      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker. Please reload after ad blocker is disabled.
      X

      Subscribe to BOOM Newsletters

      👉 No spam, no paywall — but verified insights.

      Please enter a Email Address
      Subscribe for free!

      Stay Ahead of Misinformation!

      Please enter a Email Address
      Subscribe Now🛡️ 100% Privacy Protected | No Spam, Just Facts
      By subscribing, you agree with the Terms & conditions and Privacy Policy connected to the offer

      Thank you for subscribing!

      You’re now part of the BOOM community.

      Or, Subscribe to receive latest news via email
      Subscribed Successfully...
      Copy HTMLHTML is copied!
      There's no data to copy!