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Can you guess the potential of Indian start-ups?

Start-ups would be able to contribute $500 billion to $1 trillion by 2025 if nurtured well

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Sonal Desai
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Startup

MUMBAI, INDIA: The start-ups led by disruptive technologies can contribute $1 trillion to the Indian economy by 2025, according to Industry body NASSCOM.

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According to R Chandrasekhar, President, NASSCOM, disruptive technology has the potential to bring in $500 billion to $1 trillion annually by the year 2025. “But for that, we need to nurture and support the start-up ecosystem. However, the ecosystem is facing a lot of bottlenecks which need to be ironed out for the start-ups to blossom to their full potential, and flourish.”

“The government needs to enable these innovations and technology products to get integrated into the economy, as well as into the government,” he said.

He said Nasscom was working with the government to smoothen bottlenecks for start-ups and would also build incubators for Digital India. NASSCOM is also working with the government to foster ecosystem for innovation.

It must be recalled that the PM will visit the Silicon Valley with focus on getting a positive response from IT companies and investors for the GoI’s Digital India and start-up India initiatives.

NASSCOM is one of the industry bodies to accompany the PM on this visit.

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