The continuation of the BJP-led NDA government at the Centre for another five years is a welcome relief and a big boost for the startup ecosystem. After all, it was Prime Minister Narendra Modi who brought these young companies under the spotlight through Startup India.
Even as there is euphoria among startups on the return of the Modi government, there is also a sense of realism that is there much to be done in areas such as seed stage funding, ease of doing business, encouraging startups to go for public listing, and making it easier for angels to participate in this growth story.
The startup ecosystem is a little more than a decade old but the real boost came with the advent of the Startup India programme by Prime Minister Narendra Modi in January 2016. Nakul Saxena, Director – Public Policy of iSPIRT, a think tank for software product companies, says,
“It was the BJP government which made startups a centre force and a lexicon moment for corporate after 2016. Without the Startup India programme, they would have been a fringe player in the lexicon of corporate India. The government showed the intent with that policy.”
Source: YourStory.com
