Fuelling A Greater Growth
Due to technological and structural advancements in the country, there has been a rise in the number of start-ups, which are competing with foreign companies. The Indian companies are being successful at global level, be-cause of availability of manpower with skills and at low cost.
Indian companies seldom lay back in peace, as they inevitably face periodic challenges. Most often, it is the decline in demand, and the consequent supply side disruptions. The recent pandemic ensured that they faced both simultaneously. India Inc has managed to tackle this double whammy well.
The digital technology providers too have demonstrated extraordinary sup-port to their peers in the industry. With a zeal to grow together for a collective success, few select Indian firms have earned our respect and our readers.India has moved rapidly to becoming the third-largest ecosystem and is within striking distance, and certainly demonstrates the potential of achieving the mantle of being the largest.
India today is home to 94 unicorns with a total valuation of $274 billion and more than 50 startups have traits of achieving unicorn status in 2022. From promoting hybrid working models to cracking digital tools to deliver what was only possible physically earlier, we have seen remarkable innovations in spheres as diverse as health care, education, supply chain, consumer needs, financial services, be it for profit or to meet societal objectives.
There are these innovators and unique service providers of the industry that have role-played the catalyst of growth to deliver the best in their respective forte. Do let us know what you think.