Why India's Tech Unicorns Are Breaking Records

This year has witnessed a breakout for India’s startups. Companies going public in 2021 have raised record cash. But they also face unique challenges to grow even bigger.
For exclusive insights from Bloomberg's technology reporters around the world, sign up for Fully Charged, a daily newsletter from Bloomberg Technology: www.bloomberg.com/account/new...
#India+ #Tech #BloombergQuicktake
--------
Like this video? Subscribe: kzbin.info?sub_...
Become a Quicktake Member for exclusive perks: kzbin.infojoin
Subscribe to Quicktake Explained: bit.ly/3iERrup
QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel QuickTake News for breaking global news and insight in an instant.

[@CausticLemons7]

From the US, best of luck to our Indian friends!

[@pavanbarhate6765]

Thanks,love from India 🇮🇳 ❤ 🇺🇸

[@Dividerinchief]

We love u too..

[@xXHelsingGamingXx]

Many Love from India my friend! Let's Innovate together!! 🙂

[@indpower9004]

Thanks a lots 👍

[@Golu41195]

Thanks buddy. Lots of love to you. ❤

[@rajkishorebehera7489]

india needs hardware startups and not just software ones.

[@kevinhide007]

True

[@readbooksinsteadofmyname7369]

Ola is turning to hardware as well

[@beonmouth5821]

software startups are also not innovative

[@indpower9004]

Agree bro

[@kushagrapal8689]

@@beonmouth5821 THEY ARE

[@audrey72537]

I have worked with many people from India and I have always been impressed with the drive to work hard, the business sense, and the entrepreneurial spirit. India has had to overcome so much, including hundreds of years of colonization, and is well on its way to returning to its status of being one of the world's great powers.

[@unseenvideos9447]

❤thanks

[@JustAPokemonCommentingOnVideos]

i am not so sure about that claim as an indian myself let india grow at 8-10% for at least 10 years minimum before making any claims of india being a power of any proportion

[@hunkai5804]

blessed, thank you.

[@SKumar-mj6gf]

India was a rich country in the past but Britain destroyed us completely

[@ayushipandey98]

@@JustAPokemonCommentingOnVideos Isn't its completed like 7 yrs of growing at more than 7% (excluding 2020) i think atleast we (indians) should be very much on more positive side to support people who support our country,the main thing we should worry about overpopulation

[@jahidkhan-hj8ft]

All these arguments are incomplete without talking about Government supportive policies and programs like StartUp India, UPI, Digital India, etc. We can't ignore government role in bringing digital revolution in the hand of common people through simple feature mobile. These helps tech companies to have better UX with their customers bcz of digitization.

[@ashokbobade9257]

@@Rishik_shandilya jelous kangressi chamcha spotted

[@Rishik_shandilya]

@@ashokbobade9257 boos dk I'm katar bhajpeyi

[@jahidkhan-hj8ft]

@@Rishik_shandilya finally someone called me Bhakt, and you didn't specify which bhakt, so I presumed you are talking Desh Bhakt, which I proudly say, I am Bhakt for my country India.

[@Rishik_shandilya]

@@jahidkhan-hj8ft you should be. It's your duty. We all should be bhakt of our country

[@tanmoyeeghosh7180]

@@Rishik_shandilya If someone spots out something positive about the country he or she becomes a "bhakt" or a BJP supporter right? Well people claiming so are the biggest "andhbhakts"...

[@nefarious731]

This never explains WHY tech unicorns are breaking records. Just a brief history of the start up story in India.

[@rupeshrathi111]

Exactly

[@shubhamsarkar9680]

Thanks a lot... I'm leaving... 👍🙏👍🙏

[@BlackHawkTejas]

Exactly!!

[@rahulmathew4970]

they kinda did, A lot of funding is flowing to India from china because of the harsh restrictions by the Chinese govt on its tech ecosystem

[@bhuvaneshs.k638]

We need large manufacturing centers to push GDP per capita and thus increasing purchasing power

[@VivekKumar-rb7zk]

I would suggest Indian institute of manufacturing , this might not bring jobs due to automations but bringing manufacturing will form the infrastructure creating secondary jobs

[@jaredspencer3304]

I recently saw a video comparing China's and India's growth since middle 20th century. It pointed out that both countries brought in jobs from foreign companies, but they were different types. India brought in "knowledge economy" jobs that relied on the highly educated, English speaking population. China brought in mass manufacturing jobs, which could hire people straight from the countryside with minimal training. So not only did China have a vastly larger population of people who could fill these jobs, but they could pay them very little. India's knowledge economy population was relatively small and had to be paid relatively more than mass manufacturing. You're right, manufacturing would certainly help India.

[@rishabh645]

yeah we have large workforce most of who are jobless and living in poor condition

[@arcaneisboring7675]

What you need is a better english accent.

[@ignashi7plays401]

@@arcaneisboring7675 Nope. We need manufacturing jobs with can help in bringing jobs to the people living in tier-2, tier-3 cities, and even in villages.

[@ArpanMukhopadhyay93]

Byju's is the worst example of a startup. It's more of a scam. It practices emotional blackmail to gain customers and doesn't refund customers as promised during sales pitch

[@SHUBHAMSHARMA-uh7yp]

Whole education system is Scam anyway....All the coaching institution is Scam...They earn money insecurity

[@ArpanMukhopadhyay93]

@@SHUBHAMSHARMA-uh7yp Is it? I joined Gateforum for 1 year. That was useful to me.

[@SHUBHAMSHARMA-uh7yp]

@@ArpanMukhopadhyay93 then Byjus can be Helpful for someone else too..!!

[@BruceWayne-qe7bs]

Like Google, Facebook, Etc are saints.

[@ArpanMukhopadhyay93]

@@SHUBHAMSHARMA-uh7yp I think you are not aware of Byju's controversy. There is a lot of material online, including court case

[@aanakrukavi]

I'm a Bengalurian born and brought up in this great city near Basavanagudi. I'm a witness to its development. I worked in USA for 6 years. What bothers me about is its poor infrastructure and rampant environmental degradation. It is not a properly planned cities except Jayanagar, Indiranagar, Malleswaram.

[@momobhai3792]

Banashankri and kormangla are pretty planned too..

[@itsshitposter]

Yes bro, the roads are made without proper planning and without thinking in mind of the future they just did it so that they can get votes in their respective areas

[@sylvianblade75]

Thats why I bought houses only in those areas... Still preserve the rustic charm of Bangalore

[@baghyasrib6929]

@Tambourine Man how do you know if he is an NRI? He said he "worked" NOT "working". And moreover what can an average citizen to the terrible road infrastructure of Bangalore? U can't throw all the people out of their homes to extend roads. We need a better solution which only the government can bring over. The infrastructure development is all only highways not city planning. It's a fact that Bangalore had pathetic infrastructure and is not livable. I've been in this city for 21 years. Stop acting like a kid by calling people traitors. If anyone gets better opportunities anywhere else they should not be shamed for leaving. We all live only once.

[@avishkarpatel2583]

That's why current government focus on massive infrastructure you will witness the result after 5-6 years

[@apoorvasingh3921]

No mention of Government initiatives like DigitalIndia, Startup India and UPI? They have directly impacted these record breaking numbers.

[@Enchantedsqaure]

Biased reporting kese hogi fir

[@sachindubey7560]

In last 5 years indian startup raised exponentially Reason ease of doing business From 144 rank in 2014 to 63 in 2020 Less govt. Interference in private sectors leads to such results. But still more policies needs to ammend for more flexibility and focusing more on manufacturing sectors

[@joyalsajan1168]

It is 27 now ...🤣🤣🤣

[@chadhindu3527]

It is 27 now

[@maotsetung243]

Does it have any effect on purchasing power parity.

[@YashSharma-zp8yu]

@@chadhindu3527 What 27?

[@sushrut25]

@@YashSharma-zp8yu Rank

[@jsg2196]

Socialism wasted 45 years of India, Thanks to Prime Minister Rao, Indian people are now having fruits of Capitalism!

[@peterparker9954]

U mean CONgress

[@Kathakathan11]

@@peterparker9954 he means congress - Gandhi Nehru

[@Enchantedsqaure]

@@peterparker9954 there was no role of Congress jab gaand m danda fass gya tab majburi m krna pada

[@peterparker9954]

@@Enchantedsqaure 100% the fault of the License Raj by socialist Congress

[@Enchantedsqaure]

@@peterparker9954 yes pr lpg policies ka credit congress ko nahi dena chaie saalo n lpg tab kia jab har jgh se darwazr band hogye

[@zyladd6176]

Main points: - Bangalore (India's silicon valley) has become a magnet to attract talent responsible for India tech startups. - economic liberalization (1990's), gov deregulated markets and reduced taxes. Infosys and tech companies thrived. - the startup culture become increasingly attractive as more and more people pursued - 2021 has been a breakthrough year, indian overtakes china in venture capital, large number of unicorns (private companies valuing > 1 billion) - indian will continue to grow

[@randibacha5777]

Biggest reason of all- Jio.

[@perspective500]

- Ease of doing business has improved dramatically in last 5 years - IPO requirements were eased last year - FDI regulations were eased over last 5 year - Taxation was simplified and digitised in last 4 year - Insolvency and bankruptcy institution was created and bank health was improved. Leading to cheaper credit - Citizen Identity was digitised, leading to massive ease in bureaucracy navigation - Jio changed the access to internet from among the worst in world to among the best in the world in under 3 year ... 2021 is a culmination of many policy events and not random

[@divyanshugoyal9818]

@@randibacha5777 Nahi bhai.

[@piyushpatil4655]

@@divyanshugoyal9818 Kya nahi bhai

[@spy1545]

@@divyanshugoyal9818 bilkul haa

[@rajinrashid2455]

Byju uses coercion and fear of failing to get more users. Scam would be better suited to describe it

[@VivekKumar-rb7zk]

They need new vision something like Google and Amazon for education

[@venkate5hgunda]

Yes, they exploit the FOMO of middle-class Indian parents whose goal is to provide their children with quality education. They use that to charge exorbitant prices. If you guys search about WhiteHatJr (part of Byjus) case against Pradeep Poonia, you will know what they're doing.

[@shubhampatel7277]

Now learning-driven FOMO of parents. ByJu is the worst thing that happened to the Indian education System.

[@Satu_Supari]

Focus on what they are delivering. And they do offer better learning experience.

[@ArpanMukhopadhyay93]

Yes

[@kanekiken2002]

What we need is more hardware startups now to help employ our huge population.

[@bavidlynx3409]

We need a to step in manufacturing sector.

[@siddhant1285]

Yess

[@gagankumarsharma3269]

Completely agree. These startups do not make difference in common man lives. We need manufacturing units to increase purchase power of middle class and poor people. That's what China did and now they are world leader in that now they are stepping in services sector and rapidly expanding there also

[@Tropicalgodzilla]

We need to buy ASML

[@fuzzywuzzy0549]

not possible in India

[@gouravpatil8494]

India has a huge potential we just need right resources.

[@seenidev]

Our Business Policies needs to be simplified first. It is still like leftover of license raja.

[@nothing9220]

Get rid of corruption and religion... Thats the problem with the country

[@ArpanMukhopadhyay93]

@@seenidev exactly. Plus legal system is completely broken. If somebody violates contract, you can't go to court. There should be special business affairs courts

[@MumbleBee022]

@@nothing9220 Our religion never became a hindrance in the way of progress, rather our religion is karma(duty)-oriented, that means, do work, don't rely on miracles. But yes corruption is the main issue.

[@dramakun4931]

@@seenidev tht,s why we have improved rank From 67 to 27 in 2021 in ease of doing business

[@vigneshan9164]

Banglore have the potential to became modern tech metropolitan city of India like in scale of global cities but government need develop infrastructure in record phase in global standards

[@techkanakesh6765]

true words

[@papastalin1543]

Hyderabad might surpass it

[@vigneshan9164]

@@papastalin1543 analysing the situation that not gonna happen soon given trend of ev development boom in banglore and new start up burt 😁

[@uzochiokeke4328]

@@papastalin1543 not in our lifetime.

[@SB-jc4vf]

Dude government is making Records in infrastructure. Both local and international.

[@therightgame3]

Our bureaucracy and courts are the 2 entities that hold back growth the most

[@dr.harshitjain6410]

Their still are chances of reforms in bureaucracy but courts...... Let's keep quite 😓

[@waitingforawaveintheocean7090]

Very true

[@adityapandey4415]

@@dr.harshitjain6410 true, milords are very critical of their criticism, everything against them is contempt of court for them.

[@darshu94]

On point

[@SanjayKumar-kg2vp]

@@adityapandey4415 they even stoped the construction of a road by army near China border as it was harming the environment. Milords are worst

[@vmdone8352]

It's easy to see that Indian people are dominating all the question and answer websites for programmers and also programing language training videos on KZbin, they are so enthusiastic and knowledgeable, they will make big changes to the tech industry.

[@raj-nz4bj]

UPI and startup India cannot be ignored. Although I still believe hardware is must. Nearly all of our unicorns are predominantly software. edit: Also cloud technology also played major role.

[@tajtahmeena8635]

UPI is a revolutionary technology. But startup india is a failed initiative.

[@erenyaeger9407]

@@tajtahmeena8635 wait, what ? Startup India is the one of the reasons why we are seeing so many unicorns

[@namankulshrestha5373]

@@tajtahmeena8635 failed but why I mean kuch bi 😂

[@AlbertEinstein-qt2uw]

@@namankulshrestha5373 just because he doesn't like Modi😂

[@kshitizkumarthakur4418]

No one can deny the huge role played by PM Modi and Mukesh Ambani . If Ambani ji wouldn't have sell internet at the price of dirt we wouldn't have grown so fast . And ofcourse PM Modi does everything at his level best .

[@pratyushkishore9030]

Yes

[@manishsingh7534]

Exactly

[@santhoshasari7978]

100% correct brother

[@durairaj4324]

Its true exactly said👍🏻

[@aritgyan]

Exactly.

[@shikhamaurya4453]

In just 2021, india formed 41 new unicorns 🦄

[@davidbilla8063]

This news literally omitted Government initiative,policies,Jio 4G impact

[@HimanshuSingh-xw6qu]

Manufacturing me bhi startup chahiye 😭

[@doctorgamez2410]

Yeah saara manufacturing foreign companies idhar karti hain hamari companies nahi.

[@arghyadeep5738]

Manufacturing industry me initially investment bohot jada hota he , its not easy for a person to invest such a huge amount of money at first

[@supriyo1391]

@@arghyadeep5738 This is the reason PLI is giving by government. See the Indian hardware company submitted for PLI

[@diptosarker810]

Ola

[@rohitdebnath85]

Ola,ather,Dixon, ultraviolet etc... this is the initial phase...have patience

[@krishnaSagar69]

Paytm stock price was too high. There’s no more room for the stock to surge anymore , it’s like at its max price and people don’t think that the price is a valid price for that stock. It’s just overvalued.

[@aayush_789]

After PayTm, Go Colors again came out with 70% listing. It's not over yet.

[@JohnSmith-kj2od]

It is an accepted fact that our market is overvalued, question is by how much

[@sublimefermion2205]

@@JohnSmith-kj2od People are starting to believe our stock market is a better way to combat inflation rather than safer but traditional offers made by banks. They're not thinking about risk. They aren't diversifying either.

[@watson7042]

Actually there are no such a thing called India startups or innovations, only copying from China in some cases copying from West (Paytm was originated & invested by Jack Ma) selling Chinese goods and blaming China, that's all.

[@krishnaSagar69]

@@watson7042 well that's business. There aren't many companies in india so whoever realises that first and takes the opportunity will make the most. It was the lack of amazon which created flipkart and it took the most market share and made the most. It's just supply and demand here, no rocket science

[@ArpanMukhopadhyay93]

IISc is the pivot for Bangalore's creation. Should have been shown that instead of school children

[@uzochiokeke4328]

And also the great contribution of the Mysore Kings.

[@vamsi_kuruvella9227]

I think Paytm failed because they overestimate their share price for a new company

[@hard-crackers1227]

Nhi abhi aisa kahna jldi hoga

[@vamsi_kuruvella9227]

@@hard-crackers1227 I am not saying present low share price will continue in future when paytm starts to make profit the share price will increase no doubt, but phonepe and google pay are giving very tough competition still Paytm is big. If they had launched IPO with same price as zomato IPO would have been profitable, let me know you view.

[@somespotifyuseronyoutube3987]

Alibaba has 40% share in Paytm :(

[@shishirtripathi6475]

I love to use paytm its buttery smooth

[@gagankumarsharma3269]

Their price band was too much and they completely overvalued their company

[@niyatishetty2623]

Insightful n shows how much of a potential India has

[@theabhishekmondal]

*India will have 150 start-ups with more than Billion dollar valuation next year* 🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳

[@seenidev]

I really hope it is spread across several sectors.

[@nothing9220]

Get rid of corruption and religion... Thats the problem of the country

[@rajkumarsahu4018]

Aap ki baatein sunne k liye sahi hai , pr practical nhi hai😅. Even I wish that this wildest prediction of yours come true, but my sanity brings me back to reality from the Matrix every next morning.

[@DP_Singh.]

@@rajkumarsahu4018 Bro no one believe if you said this Year India 🇮🇳 give 41 unicorn 🦄 and a month of December is just started, May it be possible 🙏🙏🙏🙏🙏🙏

[@produkterbarumasakini]

And how many Will fail?

[@diemengem3819]

I really dislike how the dislike number is removed... maybe they can fix that back

[@jakmiecz]

Probably after KZbin rewind 2021 lol

[@numberone3048]

I think Bloomberg forgot to include some powerty shots from old Delhi.

[@lauda4084]

😂

[@user-nj6vp1hg5r]

Lol

[@fuzzywuzzy0549]

yeah India is a giant cesspit after all. lol

[@arpitchauhan4686]

*Problem is that India jumped directly from Agricultural sector to Services sector skipping the Manufacturing sector.*

[@RajShekharSingh]

PayTM stock is up 6% from it's IPO price already. The drop was temporary for a couple of days !!

[@ToffeeMoney]

Congratulations

[@jaenilparekh1168]

Yes the inital market price value should not be taken as the companies value as this price depends a lot on the market sentiment at that time

[@joyalsajan1168]

@wase investors don't care about that.🤣🤣🤣

[@preethamani5974]

Say that again?

[@abhishek2275]

You alive buddy?

[@krishnaSagar69]

Zomato is a loss making company. Swiggy has the most market share and zomato is yet to be really an competition here. But there aren’t many companies like them yet so they have the whole market to play with as of now ….

[@divjotsinghmanchanda6675]

Zomato is bigger than Swiggy atleast in Mumbai, more restaurant chains, much more delivery drivers as well as users

[@Anurag-xe2jp]

@@divjotsinghmanchanda6675 Swiggy is much more popular in Delhi. I like it better because UI is cleaner and no delivery charges if you have the membership

[@Pratham40s]

@@Anurag-xe2jp well that has changed now, swiggy one is useless, half the restaurants i used to order , now , aren't on swiggy one membership, also, the ones which exist have raised their prices to match the delivery discount , plus, one plus one offer is going the same way

[@Anurag-xe2jp]

@@Pratham40s I just checked. You're right . Seems like it happened recently. Many of my fav restaurants are now imposing delivery fees

[@Hello-kh6bk]

swiggy is only in india whereas zomato expanding outside of india

[@predex7171]

From last decade we are emerging economy , despite having such a large useless population we are behind from countries like japan, Germany(in terms of GDP and many other things) whose population is size less than that of Uttar Pradesh combined.but in my heart there is still a glimer hope that we will be super power

[@joyid]

Ending multi dimensional poverty should be our first priority.

[@Anmol34]

India has different strata. Most of the population lacks access to proper education, sufficient income and basic infrastructure. Students lack proper guidance and opportunities, most of the institutions are wasting times of students. And the upper middle class and the elite are concentrated in cities.

[@Anurag-xe2jp]

@@joyid Economy should be the priority. Everything will happen later eventually.

[@Anurag-xe2jp]

@@Anmol34 How is that city part relevant? As economy improves,urbanisation will happen. 60% of China lives in cities now compared to 30% three decades ago.

[@Jernofenz]

@@joyid why not both

[@kshitij_void_]

Capitalism is the way to go. Socialist tendencies will ruin India. Opposition parties in India, no matter which party it is, acquires a socialist leaning so as to oppose the ruling party, BJP did the same now congress is doing the same. What a shame.

[@mayankindian3750]

No bjp is doing capitalist policy 😊☺️

[@cvjyothi6357]

Don't bring ur dirty politics everywhere

[@aniruddha3431]

The govt's project of *START- UP INDIA* was revolutionary 🇮🇳❤

[@florgum89]

What exactly were the policies in this program that helped startups?

[@aniruddha3431]

@@florgum89 its available on the internet.

[@UnsoloTraveler]

The Indian SaaS ecosystem is the next big thing, if not already! The American SaaS products are meant for Enterprises - the Fortune 500 companies whereas India's approach has been with the poorly contested SMB market. If and when Indian SaaS companies dominate the SMB market then we can challenge the Enterprise market with a very competitive pricing and features. This will ensure that India builds some great products and hence we transition from services to product based companies. E.g. Zoho, Freshworks, browserstack, Innovacer etc.

[@unseenvideos9447]

Tere jaise log bina baat ke bakwas krenge to kuch nhi hoga.. baki logo ki tarah kaam krna hoga

[@anmolpatel793]

less than 1% of population will directly work in these companies and the trickle down economy won't reach beyond south and west India and rest of India will remain poor

[@anunaykumar9736]

Witnessing byjus practices, I think what China did with its Ed tech companies was correct

[@momobhai3792]

Banning is never a solution. Let the market decide.

[@user-mv1vf7ry2r]

Market is always right . Economics says that.

[@utkarshdwivedi6600]

Only if we indians let our govs implementation fast reforms. We indians i don't know why fear from our own companies those same corporation who are building new opportunities for us. Only if we can tell our population to support industries instead of protests & asking unreasonable demands.

[@anonymousunanimous3683]

Virus of Congress, TMC, SP, CPI, etc and pandemic of Nehruvian Socialism.

[@shivam_nagar69]

@@anonymousunanimous3683 china's growth has a main reason of having only one political party while in india we have numerous, if one party thinks of development another one thinks of vote banks

[@peterparker9954]

Because Indians love socialism.....but they are too illiterate to realise that socialism is the cause for their own poverty

[@HeavyLikesSandwich]

If India could step up it's game in the semiconductor industry they can be a leading producer within a decade or two.

[@sohamdutta9281]

Already trying. The QUAD summits one of the main discussions was on this sector

[@thesaint9286]

It's not the talent or money which is stopping the semiconductor manufacturing industry, it's the need for water and this industry needs a lot, I mean really a lot. Have you read about the water shortage in Taiwan, the whole country is reeling under a severe shortage of water due to its semiconductor industry.

[@murugan9345]

Lol intersting that Bloomberg which gives this much analysis about indian startups never mentioned anything about the present governments various reforms like digitalization, lowering corporate taxes etc., Which would have impact on these growth 😅😅

[@mayankindian3750]

😂🤣

[@aatmaja3]

Semiconductor, AI, Robotics, Natural Language, Data Science, Hardware india pls start focusing on these 🙏

[@Technology-of-You]

Machine learning, Lithium battery technologies , E-Vehicle technology, VLSI, 3d printing, smart agricultue also need to be focused on.

[@fuzzywuzzy0549]

lol not possible for Indians

[@vey134]

Things are getting crazier day by day in startup ecosystem in India

[@manishyadav-gr3dj]

Just 10-20 year's more , with this stable government that we have right now .... we'll become the superpower of this world 🙏 To all my bros... let's make india great again ❤️🇮🇳

[@vamsikrishna9501]

These Bangalore startups are not the startups of Silicon valley like google, Apple, Microsoft, Tesla, Qualcomm, Cisco, or, SpaceX. They are fully service oriented based on who captures the markets first. They are easily replaceable by another company if they're out of game. Currently their market value is fully overpriced and all are running in losses.

[@unseenvideos9447]

Tunne kya kr dea..bakwas krne ke alwa.. Tumlogo ko india 🇮🇳 ki trakki hazam kiu nhi hoti..

[@Biedm]

@@unseenvideos9447 Bhai chutiye log vi jaruri he....bolne de....bolne de....

[@bluesteel1]

The people of India have the capacity to change India in record time, but the following are some things that are extremely necessary for the shift .. A) Able leadership & Visionaries B) Transparency C) Cutting bureaucracy We must make sure leaders are held accountable and punish corruption severely we must also bring sectors like agriculture under the tax bracket ... wealthy farm owners should contribute to the country Edit: Urban planners should also look to high density Mega cities like Tokyo to understand how to do things right

[@davidbilla8063]

Waah Farmer from Punjab will be disagree with you He will come after you with his modified Tractor 🚜

[@passiveincomesource3502]

Most of our start up culture is in the technology services. Very few like Ola electric is in the manufacturing space. We need more of manufacturing start up. Because it is the real job creator's with long supply chain management. China, Vietnam's and Bangladesh follow bottom up approach to create millions of job's. Indian bureaucracy is known for inefficiency it's because of majority of people who enter into the service is from the mindset of doing nothing. Their main motivation is bride money.

[@rohanindra6401]

This shows the power of liberalisation. Redistribution and “pro-poor” policies could never achieved this wealth generation. We need more reforms but unfortunately people want more subsidies such as farmers rather than structural changes

[@bloodwargaming3662]

If you liberalise everything it's a recipe for disaster like in the us . The richest third world country. I don't want politicise much but liberalisation works in a lot of aspects but not everything

[@ArpanMukhopadhyay93]

There should be more liberalization of laws to make business efficient, yet regulations should be kept not to harrass, but to keep fair play. I don't think there is political will because govts aren't ready to let go of power or they make laws that can be manipulated to help a select few favourite businesses

[@bloodwargaming3662]

@@ArpanMukhopadhyay93 actually could be a great thing for politicians to. They can sell of psu and all nationalised stuff so next time they fail they are not blamed

[@ArpanMukhopadhyay93]

@@bloodwargaming3662 people don't work in PSUs because govt job. Productivity is too low. Many should be privatized. But monopolies and stragetic companies like rail, BSNL, BEL never.

[@bloodwargaming3662]

@@ArpanMukhopadhyay93 don't you dare tell anything to bsnl its more valuable than Google don't you get the value of a company quoting to offer 4g in 2022 when everyone is talking 6g in2024-25 Banter aside I really agree with your points but govt shouldn't sell it to random people and companies .it should streamline it

[@unseenvideos9447]

Too much toxicity in Comment section.. 🤥 some people can't digest India's 🇮🇳 growth & success to become the world largest UNICORN market. Rather than they are making fun of india .

[@shaheedbhaghatsingh3974]

Where I don't see anything

[@randomhuman8825]

Let them say. Remember, dogs always bark. Let the lion roar.

[@shaheedbhaghatsingh3974]

@@randomhuman8825 This OP himself is a troll lol he was b k n g just recently on WION videos. He himself is trolling here

[@Liam-ki7sw]

@@shaheedbhaghatsingh3974 right

[@govind4173]

These startups shows that Brain drain is decreasing but still many are living with that mentality,,it wont make india rich!! We should encourage our own startups !!

[@engineeredarmy1152]

Not disrespecting tech startups, but what actually would drive Indian economy is manufacturing. Lot of low skilled manufacturing companies are non existent in India 20% is quite low for a massive developing country like India. India has still half of the population working directly or indirectly in agriculture sector, low skilled manufacturing jobs can push economic growth significantly and solve India's unemployment crisis. Meanwhile, the tech startups can grow and until then new education system is implemented, India will be on track of stability.

[@unseenvideos9447]

Future is all IT.. Wake up from your toxic dream

[@markethub3929]

UPI is definitely one of the most revolutionary achievement in the banking sector.

[@yugalbajaj6355]

byjus ceo talking about startup is ironical because he runs a multi level marketing scam company.

[@glennex0077]

Interesting that despite pandemic n slump in growth rate with -24% gdp growth in last year' 1st quarter. 33 unicorns have come up

[@masaladosa1009]

42 and counting in 2021

[@kd6788]

24 pc degrowth was due to lockdown. India has not only recovered from the crisis but also has reached above pre pandemoc levels

[@glennex0077]

@@kd6788 nope. Still below pre pandemic level. Estimated to recover pre pandemic level by 2022 or most likey 2023 1st QR

[@legendarymortarplayer9453]

@@glennex0077 they estimate a lot of things india will breaks estimates

[@yashmundada8128]

Very insightful and clear storyline. Was hooked to the video until the end. Kudos Bloomberg

[@kunalpatil652]

Thanks to liberalization of business policies. But still long way to go.

[@bhagyasinghgurjar9923]

Start up is just one story Under the leadership of PM Modi India is witnessing revolutionary transformation

[@ShyamS-sx7xt]

paise aa rahe kya?

[@anantpatel3608]

BangalorE and Gurugram are big names that might overtake silicon valley one day too, a possibility.

[@rajkumarsahu4018]

@@akashdobhal3054 They have already prepared and passed this sh*t bill bro, I think cities like Pune, Hyderabad, gift city and Noida will be the biggest benefactor after this mishap from current Hayana Govt. Will be a big loss to Haryana in a long run.

[@satyamARAS]

I think we have given too much powers to state .

[@DP_Singh.]

@@akashdobhal3054 Bro Noida take benifit from that and many company start shift their work office to Noida.

[@user-lx7kx1dd3q]

Overtaking Silicon Valley in what?

[@uzochiokeke4328]

RIP Gurugram

[@driasalta4834]

India has followed a different path to other Asian countries that have grown impressively, India has failed to take advantage of it's large population by developing low skill industries, given the state of education and skill level of much of India's population this would be the best way to move forward, but given the bureaucracy, the socialist mindset of many Indians and the general hatred towards any entrepreneurship or business from the general public, the ease of doing business won't improve and hence this large untapped potential will probably never be utilized.

[@krish5445]

Indians are not socialist by nature but the mainstream media in India is a leftist mouthpiece who always takes the side of Socialism and do politics with the poor people. Poor people are genrally anti-rich man or kind off Anti- capitalist so media always takes side of poor people to puah their socialist/leftist propaganda through the poor or lower middle income people.

[@doctorgamez2410]

@pm True, FDI and infrastructure quality has improved immensely in the past few years, and we are starting to get more factories and manufacturing opened up.

[@Wanboy]

Indias ease of doing business is 63rd which is considered easy

[@knutjonsson1816]

how can you say that there is a genereal hatred towards entrepreneurship and businesses in India? Do people hate on the chai wala? or the sabzee wala? They are also businessmen and entrepreneurs. The biggest problem no one is talking about is the HUGE informal sector in India. Everything from maids and drivers to the chai wala or the man selling pencils at your local market. These businesses need to formalize and create not only growth and employment for others but important tax revenue for the state and centre, who barely get any revenue in taxes compared to GDP

[@doctorgamez2410]

@@knutjonsson1816 Exactly we can’t expect much growth to happen when only 2% of Indians pay income tax

[@mountainman6172]

Bloomberg Quicktake topic coverage are a lot more in-depth. CNBC is so ELI5

[@somnilrickneogi6873]

please stop calling byju's a tech company.....in reality, its a large telemarketing company targeting India's education system

[@thepeff]

Just think of how many engineers there are in a group of a billion people! Can’t wait to see what ISRO does!

[@eric5901]

They crashed on the moon and needed NASA to find the debris because ISRO had no clue where it went

[@ajayajith1745]

@@eric5901 wow it's like NASA never crashed!!!

[@anirudhrao1415]

@@eric5901 but did a Mars mission in its first try 😂

[@mallikarjunpatil7816]

@@eric5901 That was one time , ISRO's all other missions are 100% successful.

[@hardeeprajput6564]

@@eric5901 Thank u for noticing ISRO effort

[@rishurajgupta8158]

Start up is not limited to big even the small city they are also finding opportunity in there city and state.

[@ManojitMahanta]

India is increasing... Economy is booming.. India will shine.. ⭐✨

[@VivekKumar-rb7zk]

Where is Indian KZbin we really need a new more advanced video sharing site solving problem like language

[@samarthjain601]

I have done my full studies in bengaluru and I can say it’s one of the best places win the world to start company

[@user-lx7kx1dd3q]

Yeah to start an easy company and not the complex one.

[@aadiliqbalkhan8216]

Yes, people of north korea also think their country is best country in the world

[@mishrashubham007]

8:43 Byju's solving local issues? It is the biggest issue itself.

[@mainKhushhoon1]

The future of India is bright.

[@minhaj23227]

Still a long way but its been remarkable till now ..we have to continue the momentum and carry on repealing socialist policy and bureaucracy While embracing CAPITALISM AND CORPORATISM 🙃

[@heliothrax7716]

Agreed! We need to remove the socialist hangovers on our economy and streamline the nation's political system so we can advance our cities and companies and become a superpower that can stand toe to toe with China and America.

[@nothing9220]

Get rid of corruption and religion... Thats the problem of the country

[@tanmayasahu5171]

True that

[@minhaj23227]

@@nothing9220 yup

[@kuldeeprana1908]

@@nothing9220 corruption is everywhere thats not the main reason for slow growth ..its socialist policies of india

[@sungalee6391]

The problem with hardware manufacturing startup is the money required to setup a factory is very high and then you have to gain market share too, VC's will only invest in your country when you're making something unique or important. We are seeing crazy amount of tech related startup's becuz they don't require crores of rupees to start the business and the VC's easily fund them becuz pretty much everyone has phones these days.

[@mayankindian3750]

But we do that also I believe 😊☺️🇮🇳

[@sympathiser_of_Germans_in_40s]

Completely left out UPI come on guys it's one of the most important things to have happened in this century for our country

[@davidbilla8063]

Well it will ended up praising indian government 🤣

[@sympathiser_of_Germans_in_40s]

@@davidbilla8063 oh yea, that's a sin these lefty media houses will never commit.

[@davidbilla8063]

@@sympathiser_of_Germans_in_40s yep these people also forget to praise Karnataka BJP government who is pro capitalist,pro start-up,They make Bengaluru as ease of buisness friendly city. Today Bengaluru get more FDI investment, Unicornz compared to whole indian cities

[@vyomaexplorer3630]

Sustainable development is the key

[@anonymous1635]

what has to happen will happen (History repeats itself)🇮🇳💪

[@ARUNKUMAR-gh6zp]

I am shocked to get a landline connection in Indian need 2 year in 80's.

[@preetamyadav7952]

Communism and socialism .

[@uzochiokeke4328]

ask your parents bro they know about it

[@samarthjain601]

India 🇮🇳 ❤️

[@maheshsnair1]

byju's is a scam and we are realizing it slowly..

[@companybroadcast2890]

We'll get the full picture by 2030. It's pretty early to create Hype

[@gen-z-box3331]

Much more importance should be given to hardware based startups to drag the per capita income of India

[@binskee677]

I agree but that requires a high initial investment. Not many can come up with than money + market share.

[@mukeshkushwaha1621]

A startup is a company or an idea , concept ,it forms it starts and starts to grow in any field small or big. Its not a just a software company or just a service company which our india is doing for nearly 3 decades . If a startup has a profitablilty mindset then they would always work on fields , concepts and sectors which has profit rather the something innovative in some other field which needs innovation . The main reason for startup funding it comes from outside sources ..mostly from China or UAE.

[@AnandKumar-rg3bm]

The problem is bureaucracy with democracy. India can never do what china did as will always face hurdles with reforms. The recent farm bill rollback is one example.

[@dr.harshitjain6410]

Reality is indian people themselves would prefer living in autocratic China with average income of 10000$ than poverty stricken hungry 1997$ average Indian income with extreme freedom. If our living standards

[@user-lb7rg3cx6w]

@Moon Shine doesn't have freedom of speech? They shout so much and all people are Communists. They hate reforms. Don't expect India to grow with communists

[@dr.harshitjain6410]

@Moon Shine indeed Indian freedom of speech is a joke. Look what happened to Kalicharan Maharaj when he criticised Gandhi 😓

[@anupkumar7264]

@@dr.harshitjain6410 now you go check he arrested two time now he is in jail now haridwar hate speechers are also in Jain you should aware of things happening around you not just defaming its own country . Its true and unfortunate how some bad people doing bad things it doesn't mean you defame your own country on international platform .

[@dr.harshitjain6410]

@@anupkumar7264 I am telling this only. You misunderstood me. Every community (other than Hindus) can speak anything and get away with it easily, but as soon as a Hindu tries to open his mouth, the institutions of country J@il them. Basically everyone except for Hindus have freedom of speech in India.

[@jds_fact5220]

India is emerging power

[@zinedinezethro9157]

I have high hopes for you guys in India!

[@anitathakur9340]

If political party changes ur hopes will be gone

[@vivarevolution3527]

When some one say India is going to rule the world , think about Google , Microsoft , Twitter , Adobe etc

[@the__soul]

Proud of india technology 👍👍👍💖👍👍💖👍❤️👍❤️👍👍❤️

[@jacobbhattacharjee2820]

I love to see haters downplayers foreigners getting burn 🔥 after watching this Brace yourself more burn are coming 🔥

[@satya_k]

*Byju's summarized* Byju's Salesman: Do you want to purchase our amazing course? Customer: No Byju himself: 15:12

[@RajA-0202]

I need to head back to the motherland !!

[@ArpanMukhopadhyay93]

No. 1990-2000s are gone. India is no longer shining

[@myselfyuvi]

@@ArpanMukhopadhyay93 and what makes you think that?!

[@BruceWayne-qe7bs]

@@myselfyuvi Liberandus think like that.

[@ArpanMukhopadhyay93]

@@myselfyuvi stagnation of reforms. India needs a lot of useful reforms like the cancelled farm laws and land acquisition laws, etc. Instead useless laws like CAA, IT act, demonetization, etc are being passed and touted as big reforms.

[@myselfyuvi]

@@ArpanMukhopadhyay93 come on man. I believe we talking about NRIs and high income earners here. Apart from demontization, none of what you mentioned has affected even a bit to people from the above category! Local politics is one thing but when we are talking about standard of living I don't know why people connect it with politics and then come to a conclusion that India is bad!

[@sarath1245]

We need more manufacturing startups especially in futuristic industries.

[@shaileshpal8671]

I believe this is the right time for India to become next America after China, provided all other conditions be supportive in nature, the way its going. 😊

[@marmedalmond9958]

Vietnam just beat india to it

[@_kartik_chauhan]

Focus on manufacturing Electronics Manufacturing is the key in modern world but it needs Monopoly to some extent + Government Support

[@Xcvbn3355]

we have to admit that ambani helped a lot ! but we are the ones who don't give him enough credit

[@HiteshKumar-yo3uz]

We need breakthrough startups in the field of manufacturing... Many of the current software startups are overrated

[@dnyaneshlakhmal7735]

Banglore should be banglore, not silicon valley of India.💁🏽‍♂️ These fools needs to be stopped

[@MrTVintro]

My India ETF agrees.

[@kenjihayes336]

They put this together fast, after the Elon musk tweet

[@Mambo-Italiano]

What did he tweet?

[@bsk2533]

Proud being Indian ❤️🇮🇳🇮🇳🇮🇳

[@pallavprabhakar]

If you are including Byju’s in your piece you should also highlight the their malpractices highlighting the cons

[@onlytruth-ep3lv]

Ma'am......you just left India for money and then came India after 2 decade only for money, hat's off to you.

[@akshaypatel6720]

Please please Stop playing tabla in background music when ever India on screen.

[@sonamonimondal4112]

Flipkart is now only 1% of Indian share , now we say Flipkart is American, Chinese brand

[@abhishekshukla1443]

What contributes the most in countries development is natural resources man power and technology what we really lack is technologies not soft ware but hard ware tech