1. India: A Phoenix Reborn
Dr. Saurabh Srivastava
Co-Founder & Past Chairman, NASSCOM
Co-Founder & Chairman Emeritus, TiE
Founder, Indian Angel Network

2. India has Progressed since Liberalization in 1991
Historical Perspective
India has always been entrepreneurial:
25 % of global GDP in 1700, same as China, Europe
Colonization & subsequent licence permit quota Raj brought us to our knees
India has Progressed since Liberalization in 1991
GDP Grew 10 fold
US $ 2.7 Billion to US $ 2.6 Trillion
Exports Grew 17 fold
US $ 18 Billion to US $ 303 Billion
Imports Grew 19 fold
US $ 24 billion to US $ 460 Billion
Forex Reserves Grew 70 fold
US $ 6 Billion to US $ 425 Billion

3. India is poised for Global Leadership however there are challenges……
Majority of Indians do not have access to affordable healthcare
We have only 1/3rd the teachers we need
Rural areas lack access to quality education
Agricultural productivity is amongst lowest, globally
Water, sanitation and clean energy are badly needed
We need to create 10 – 15 million jobs every year

4. …..but equally there are opportunities
Oldest civilization but youngest nation in the world.
Over 50 % of population under 25 & 65 % under 35
We produce 2.5 million graduates every year
Burgeoning Middle Class
Global Leadership in IT, Telecom/Mobile, Internet, two wheelers, media & entertainment , ….
Stable democracy – world’s largest
Government focused on economic growth and development

5. Converting Challenges into Opportunities
Globally, Innovative Start-ups are the real engine for creating employment and economic growth
Kaufman report: US data between 1977 – 2005 shows that, except for 7 years, all net new jobs were created by start-ups
US, Israel and other countries have transformed their economies by creating a vibrant entrepreneurial ecosystem
And this CAN be done – Software industry has shown us the way
US $ 50 million to over US $ 160 billion in 25 years; targeting US$ 350 billion by 2025
Largest employer in organized sector
5 of top 10 IT service companies globally are from India
25 % of Forex Earnings

6. Impact of Entrepreneurship
Along with jobs, start-ups create innovative solutions that benefit society and generate economic growth
We have world class entrepreneurs who see our large population and their unmet needs as an opportunity
Innovative solutions leveraging technology can address challenges in healthcare, education, agriculture….
Government focus on creating and enabling environment for start-ups has unleashed the power of entrepreneurship in India

7. India - The New Start-up Nation
Amongst the fastest growing start-up hubs globally – 26,000 start-ups driven by:
Large, High Growth Markets across several sectors – internet / mobile, IT, education, healthcare, agri, cleantech, logistics, fintech, media / entertainment, biotech / pharma
Lure of world class products at Indian price points fueling innovation
Increasing availability of risk capital across all stages
Government’s fund of funds for Start-ups
Growth of Angels / Networks
World class entrepreneurs with global ambitions but middle class values on cost
Large, young talent pool at affordable costs
Government focus on creating enabling environment
Successful role models
CXOs / Senior Execs / NRIs joining start-ups or starting ventures in India
Youngest entrepreneurs in the world: 72 % of founders are <35 years
50 % growth of female entrepreneurs
Innovation is now on government’s agenda

8. Becoming the New Entrepreneurship Hub
Family-owned business ethos declining
First generation, middle class entrepreneurship flourishing – Numerous icons / role models
India’s most successful / most global industry – IT, created largely by first generation, middle class entrepreneurs
IIT grads going overseas dropped from 90 % to 10 % over last 5 years
Since liberalization, overwhelming majority of leading companies created by first generation entrepreneurs
Entrepreneurship / innovation cells in colleges
Career options shifting from MNCs to start-ups
Entrepreneurs now celebrated as creators of wealth & employment

9. India at an inflection point….
….the best is yet to come

10. Global Leadership is Possible….
Indian entrepreneurs are better than world class - China, USA…
Proved themselves globally, now in India - many Unicorns
Indian entrepreneurs now solving India’s problems
Global MNCs / PEs investing in or acquiring innovative companies
Government has recognized the role of start-ups in creating employment and economic growth ; but more can be done
All, not some, arms of government need to get on board
India well positioned; more clout politically than in recent history
Parliament must seize the opportunity – the best in a few 100 years

11. Thank You