ASSOCHAM (Associated Chamber of Commerce Industries) Study on Start-Ups released on 2 August 2015 pointed out that India is expected to produce at least a score of billionaires and many times millionaires among the start-ups in the next five years.
These billionaires and millionaires will be created through e-commerce, financial services and other technology driven fields generating the maximum interest.
The paper said that India will be among the top Asian start-ups along with the Chinese and the South East countries. However, the structural problems in China are likely to create road blocks for the start-ups there. No such issue confronts the Indian start-ups.
At the same time, there could be a high rate of mortality as well. Those, entering the business only with the idea of commanding valuations and making exits would find it difficult going forward. The angel investors include some of the top industry leaders like Ratan Tata, Azim Premji and NR Narayan Murthy. Their presence would certainly have a moral pressure among the entrepreneurs who would like to stay put and prove their mettle rather than make quick bucks.
However, in the area of hardcore manufacturing, there is not much interest among the budding entrepreneurs. On the other hand, the technology-driven solutions to help manufacturing and traditional industries are surely expected in areas like energy conservation, human resource, productivity measurement and training in soft skills.