India's startup ecosystem is on the right track

Published On: Tuesday, February 11, 2020 | By: Team KnowMyStock

Internet businesses in 2012-13 helped form a new wave of entrepreneurship in India. India emerged as the next big frontier for global investors hoping it would become the next China. Finance minister Nirmala Sitharaman announced in the budget that “Knowledge Translation Clusters” would be set up across different technology sectors, including new & emerging areas. John Chambers, founder & Chief Executive of JC2 Ventures, which has invested in 16 startups around the world, feels India’s startup ecosystem is on the right track, with positive government initiatives and incentives. The government has focused on fostering startups and entrepreneurship. It has made policy changes easing scaling up for startups and put a renewed focus on helping citizens become fluent in the language of technology. But with some of the biggest unicorns being asked hard questions on business feasibility, massive losses and how they will clock profits, 2020 is surely a critical year for the highly capitalize.

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Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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