MUMBAI: "The ecosystem for startups needs a lot of work in India," says Karl Mehta, Founder of Ed Cast as he outlines the expectations from the upcoming Budget session of this year. "I'm expecting outsize
investment
in physical infrastructure,
digital infrastructure
and skills development, which I would like to call a trinity-boost for achieving the fast growth that India needs for its demographic dividend of youngsters. These trinity-boosters will lift the overall economy and is the foundation for Start-up India initiative as well," he says.
Speaking about the several initiatives outlined by PM Modi at Startup India, Mehta revealed a Startup India hub, fests, innovation core programs for students in five lakh schools, setting up of 35 new incubators in institutions, seven new research parks and innovation focused programmes are in the plan.
"This plan has convinced me that there is a need for a lot of content and education in enabling entrepreneurship, where EdCast can help in a big way," he adds.
Mehta is optimistic about startup ecosystem in India in the long term but thinks that there are going to see some pains in the short-term next financial year. "The 19 point Start Up India plan, will provide direction and momentum to this growth," he concludes.
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