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Behind the excitement

Can start-ups ensure sustainable job growth?

Few places outside Silicon Valley and Beijing seem as exciting for an entrepreneur founding a start-up as India today. Angel investor events happen seemingly every week where youngsters connect with investors, sometimes raising crores of rupees on the strength of a five-minute presentation. The big question: Will all this excitement and hype lead to a comparable spurt in jobs? Companies like Flipkart have already created 33,000 jobs, Snapdeal some 7,000 and counting. Taxi aggregators such as Ola and Uber have not only taken India a world away from black and yellow taxis with a dirty dustcloth ...