Best Startups after COVID-19
India with her rising economic power has become an increasingly important locus of innovation. Spurred by competition unleashed by a liberalization of once stifling regulations, India’s private-sector firms are fast improving the quality of their products and services and are rapidly expanding their global presence. Industries are part of the secondary activity. Secondary activities or manufacturing converts raw material into products of more value to people.
India is changing from a locus of low-cost contract research and reverse engineering to a global center of high-value, indigenously generated innovation. To sustain this transformation, Indian policy makers increasingly recognize the need for continuing economic reforms, new public investments in the nation’s infrastructure, and new policy initiatives and institutions to encourage innovation, expand the skills and knowledge base of its population, and facilitate entrepreneurship.
The rising economy of India has always been empowered and encouraged by the emerging start-up companies with their unique financing pattern and workforce. Some of the most successful startups are in the fields of online money transfers, taxi services, e-pharmacy, etc. Such emerging industries in India have suffered during the COVID-19 pandemic and like most global leaders who are following the path of self-consumption for self-growth, India has also launched the atma nirbhar campaign encouraging industries to utilize the available resources within the country to facilitate production and hence the economic growth.
With India moving towards atma nirbhar bharat, the country will see a dramatic rise in the startups companies which will be willing to utilize the workforce from within the country improving the employment opportunities and reducing the rate of unemployment. Observing the necessary economic growth and employment opportunities provided by these startups, the industrial insights magazine brings forth the “Best Startups after COVID-19”. Our team of industrial experts with the editorial board together have spent months researching such emerging startups. The featured companies in this edition have earned their spot and will enable readers to identify startup companies worth working for.