India is going through the second phase of growth in startups, now referred to as Startup 2.0. The growth will be in large numbers, and Nasscom predicted that there would be 10, 500 startups in India by 2020.
“The number predicted is lower as I see many more startups coming in. The dimensions of Indian economy are wide and can range from clean energy, food, agriculture and arts. They can grow without creating concentration or excessive competition,” predicts Manoj Gupta, Co-Founder of Craftsvilla.