How can you compare India to Silicon Valley?
There is similarity in what is happening in India today to what was happening in the US a decade ago. Startups were starting to grow in the US at that time and this is the same phase India is going through at this moment of time. India is moving ahead with its entrepreneurial scene phenomenon. But is India becoming like Silicon Valley. This one is a difficult one to answer. We can say that India is emerging with its startup cult but it is not safe to compare it to the technological paradise, Silicon Valley. It will be unfair to say that India is becoming like Silicon Valley. We are in development stage and stand fourth in the number of startups only after the US, UK and Israel. So it is safe to say that India is emerging as a startup hub.
Entrepreneurship and technology are becoming global phenomenon and are spreading like a global virus throughout the globe. The Silicon Valley is not only the hot sun but it’s becoming bigger and bigger as the time passes. IT and Biotech have been the ever hot industries in the entire world but industries like automation are coming along as well. And the startup cult in India is here to stay. It is not a short term thing and therefore it will continue. It is not only the Indian money coming in. The Chinese, the Japanese and the Americans have been the big investors for the Indian startups. The venture capitalists and the investors have been putting in money as the company grows. The seasoned investors look for long term gains and are more than happy to invest in the companies that give more returns regularly. They provide surety and a fixed return on investment to them.
If the foreign investors fund startups like Flipkart and Snapdeal, their money is stuck and can not take it back. But this money ain’t going nowhere. They get good returns for that money. The companies like Uber, Flipkart, Snapdeal etc. have done well not to go public because if they do, their valuation will go down and that will be of no benefit to them.
Coming to the main question: India is definitely coming in the eyes of the world and is becoming a powerful country. India has become a powerful country because of its startup cult.
This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST software, GST Return Filing, GST Registration, Section 8 company registration, Nidhi company registration, IEC registration.
About LegalRaasta
LegalRaasta is a technology platform to simplify legal and business related matters. We are committed to helping startups and small business owners in solving legal compliance related to starting and running their business.Our mission is to offer affordable, quick and automated professional services to clients. Through technology, we bring numerous government/ legal forms at one place and have simplified them to be fully understood by common man.
Our Services
GST Software
GST Return
GST Registration
Company Registration
File ITR Online
E-TDS Return Online
GST Return Filing
GST Registration
Business Loan
NRI Return
Revise Income Tax Return
Business Income Return
Bulk Return Filing
FSSAI Food License
ISO Registration
LLP Registration
MSME Registration
Patent Registration
Importer Exporter Code
Apply Trademark Online
ESI Registration
Copyright Registration
