Silicon Valley insider Vivek Wadhwa tells us how India’s entrepreneurs will change the world. As we enter the most innovative period in history, Wadhwa sees an impending internet boom and millions of internet businesses coming up in India, and predicts that within a decade China’s manufacturing industry and India’s call centre industry will be toast.
And here is a brief interview in addition to Vivek’s talk!
Slowly – in the last few years a bit more rapidly – the start-up scene in India is growing. What are the key drivers for growth and how will the scene develop?
India has many advantages when it comes to entrepreneurship. It is already in the DNA of its people—have always thrived in commerce and trade. Now with the millions who have been trained in IT Services, are well educated and well off, and tired of working for the same big companies, we are likely to see an explosion in the numbers of startups.
Where do you see the main fields of development ? (agriculture, health, education, water, pollution, infrastructure … )
All of these. Entrepreneurs will learn the problems and build the solutions.
Do you see any chance how these developments can bridge the gap between rural and urban India?
Some of the best entrepreneurs are already looking to solve the problems of rural India. As rural India becomes connected via smartphones which have Internet access, they will also be connected to urban India—and the world—like never before.
Having this very promising outlook, where do you think the man power will come from? Many companies in India today complain that their is a huge lack of available talent …
India has no shortage of people. It is a matter of providing the hundreds of millions who are left out of the innovation economy with the education, training, and tools. Technology will soon make all of this possible as I discussed in my INK talk.
Modi’s initiative “Make in India” aiming to bring international companies and money into India to invest, do you think it will work? If so what is the frame set which might need to change and what might be the implications for India’s start-up scene?
It will work to some extent for sure. Advancing technologies will accelerate the process because we will soon be 3D printing our physical goods.
Here are the slides of Vivek’s presentation at Inhtalks: