Envisioner | August 2019 Envisioner August 2019 | Page 10

Cover Story
Startup
Ecosystem
in India:
TAKING THE BABY STEPS
By Prableen Singh
The Indian technolo-
gy landscape has seen
a tremendous growth
towards creation of in-
novative startups and
has emerged as the 3rd
fastest growing hub for
technology startups in
the country.
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That the IT boom of the late 90s and ear-
ly 2000s, brought about an economic
revolution in India, is common knowl-
edge, something that isn’t, though, is
the fact that this surge in software ser-
vices start-ups was consolidated in the
country, at a macro level, over the peri-
od of many decades. According to busi-
ness historian Gita Piramal, two phases
in India’s modern history, that of 1930s-
the period between the two World Wars
and the one just after Independence
were marked by a lot of entrepreneur-
ial activity, with very little bureaucracy
to stop them, gave India a handy start.
However, post-Independence, the so-
cialist era kicked in and Indian entre-
preneurial ecosystem had to start from
scratch.