According to reports, by 2027, India’s economy will rank third in the world, and by the end of the decade, its stock market will rank third. On a positive note, he added: “However, we witnessed some positivity after nearly two years of social, financial and economic uncertainty and we expect that with more financial power in the hands of citizens will lead to surging equity participation and a stronger economy in the coming years. Few of the macroeconomic factors for this include inflation, fear of recession, and volatile markets.” Growth by the year end is unlikely to be vastly different. In July to September there were six major economies – Malaysia, Greece, the Philippines, Israel, Colombia and Argentina with growth higher than the 6.3 per cent, which India achieved in the April to September quarter of this fiscal. Puneet Maheshwari, Director, Upstox says that India has displayed modest growth this year. The current environment is apt for start-ups that are agile, nimble enough to adapt to changing dynamics, hold a sustainable business model, and are futuristic.” Stronger Economy Expected in Upcoming Years He further added that: “In 2022, challenges such as budgetary constraints, shortage of skilled workforce, the relevance of the product, and market fit should be taken into consideration by current and aspiring entrepreneurs. India stands in the third position globally in the start-up ecosystem and also in terms of the number of Unicorns,” he said. Unsurprisingly, the uptake of digital adoption also contributed to India’s start-up ecosystem growth. ![]() “India’s digital transformation journey has witnessed remarkable growth in the past few years, largely contributed through multiple factors such as affordable smartphones, internet connectivity, massive adoption of digital services across consumers, corporates government bodies, etc., specifically during COVID-19 outbreak, and it will continue to evolve with time. Khadim Batti, Co-founder and CEO of Whatfix, is of the view that startups will be able to thrive if they take into account the challenges that 2022 brought about, and if they are able to work their way through it. ![]() ![]() Current Environment Apt for Startups that are Agile
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