Startup fever in Southeast Asia and its implication for India to improve indispensable public services
Under this circumstance, the Indian government has also come up with a new initiative, ‘Startup India’, to foster startup ecosystems in the country since 2015. The purpose of Startup India is to generate startup-friendly environments for young entrepreneurs to unfold their unfettered business spirit in the ever-changing digital period.
Presence of as many as 22,000 startups in operation across the country has been partly attributed the government program backed by the latest strong economic growth. In fact, Bengaluru in the Southern part of India, often termed as the Indian Silicon Valley, has even claimed the second place in the list of best locations for launching tech startups globally.
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