India's tech startup boom: Are policy tweaks needed to drive growth?

The success of UPI in India is a fascinating case study in the intersection of technology, policy, and socioeconomic factors

“We have to be careful that we don’t blow things up,” said my stumbling, white-haired friend, long retired from the civil service but who had served in almost all our government’s top industrial-policy entities. Though he can barely speak and almost cannot walk without stumbling, I often tap his fertile brain when policy issues confound me. 

I asked him: “Do you think the super-enthusiasm our central and state governments are displaying about start-ups will result in something big for us as a country?” I posed this question to him because I remember back in the 1990s, when I was passionately