Start-Up India: Can the next wave succeed?

It would be heartening if we can do an Israel and get a hundred thousand new companies to start with adequate funding and aspire to be million-dollar profitable companies in 2022

The rhetoric has been tremendous but the results of the first wave of Start-Up India have fallen short of expectations. Many companies lured by the attraction of B2C commerce have fallen by the wayside and the success stories of entrepreneurial ventures in other consumer and business sectors have been few and far between. It may have been rather romantic to believe that India can see hundreds of millions of entrepreneurs start and flourish but it would be heartening if we can “do an Israel” and get a hundred thousand new companies to start with adequate funding, scale to a crore of revenue in two years and aspire to be million-dollar profitable companies in 2022.

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