Never miss a story

Get subscribed to our newsletter


×

“Capitalism, or more precisely, the free market system, is the most effective way to organize production and distribution that human beings have found”, said Raghuram Rajan in his book Saving Capitalism from the Capitalists.

There are obvious reasons for the failure of startups in India.


Despite the fact that there is no dearth of skilled labour of talent in India, startups fail to capitalise on the starts they make.

The concept of startups developed in the US and migrated to India. In the USA, a friendly financial environment facilitates the growth of the startups but such phenomenon is not evident in India.

It is noted in the USA that a person is eligible to get a loan from a financial institution if his credit history is ok. However, this is a far cry in India.

Firstly, India faces the shortage of financial institutions. And the financial institutions that are operating in the Indian market are reluctant in providing loans to beginners. Moreover, for getting loans a person needs to keep something as a security deposit. It is ironic that if the person has the security why he would opt for loans.

Lack of such essential credit facility is choking the dreams of the startups.

Secondly, United States is a place where a constant financial innovation is at play. The financial innovations facilitate the financial institutions to risk providing loans to people for their ideas. While financial institutions check the credit-worthiness a person, Indian institutions check the security deposit that they can keep with them. This process hinders the growth of the companies to a great extent.

Thirdly, India is yet to develop a free market. Owing to this the products of the startups in India fail to fetch a profitable price. If the products go unsold the startups fail to grow. The big giants control the price of the products and the small companies fail to compete with them. Lack of a regulatory body is a big hurdle in the path of the success of the startups.

If these problems are addressed then India can build on the dreams of the startups.


Popular

IANS

The aim of the book is to teach children that families can exist in different forms, and show them how to accept the diversity in family backgrounds.

By Siddhi Jain

Delhi-based author Pritisha Borthakur is set to release her new book, 'Puhor and Niyor's Mural of Family Stories'. The 1,404-word children's book was put together to address a new kind of societal debacle in the family system. The author says the aim is to teach children that families can exist in different forms, and show them how to accept the diversity in family backgrounds.

The author who named the book after her twin sons -- Puhor and Niyor -- is a parent who has seen and heard the tales of ridicule and discrimination suffered by many in India and beyond. She says the book is an artistic illustration for kids that details how different families can live and coexist. Whether it's children with two dads or two moms, children with a single dad or single mom, and even multiracial family units, Borthakur's book teaches love, understanding, and compassion towards unconventional families.

Beyond race, gender, color, and ethnicity which have formed the bases for discrimination since the beginning of time, this book aims to bring to light a largely ignored issue. For so long, single parents have been treated like a taboo without any attempt to understand their situations; no one really cares how or why one's marriage ended but just wants to treat single parents as villains simply for choosing happiness and loving their children.

Homosexual parents, a relatively new family system, is another form that has suffered hate and discrimination for many years. Pritisha emphasizes the need to understand that diversity in people and family is what makes the world beautiful and colourful. 'Puhor and Niyor's Mural of Family Stories' is a firm but compassionate statement against all forms of discrimination on the bases of sexual identity, gender, race, and even differences in background

four children standing on dirt during daytime 'Puhor and Niyor's Mural of Family Stories' is a firm but compassionate statement against all forms of discrimination on the bases of sexual identity, gender, race and even differences in background. | Photo by Ben Wicks on Unsplash


Keep Reading Show less
Photo by Lina Trochez on Unsplash

Clean and maintained hands boost confidence in daily life activities.

If you feel that clean and well-groomed hands are just an essential prerequisite for women, you might like to think twice. Men should equally pay attention to their hands because our hand houses 1,500 bacteria living on each square centimeter of its skin. You can easily assume what havoc it can create in our body because in India we have the culture of eating with our hands and spaces beneath nails can become breeding heaven for germs. Moreover, clean and maintained hands boost confidence in their daily life activities. Therefore, it's important to keep your hands clean irrespective of your gender by washing or sanitizing at regular intervals. And, to keep them groomed, you don't have to visit a salon.

Rajesh U Pandya, Managing Director, KAI India, gives easy and completely doable tips to follow at home:

* Refrain from harsh soaps: You should be mindful of the soap you are using to wash your hands. Your soap can have a moisturizing element in it like aloe vera or shea butter. Ensure that you're washing your hands with normal water as hot water can make your hand's skin dry and scaly.

Soap bars organic You should be mindful of the soap you are using to wash your hands. | Photo by Aurélia Dubois on Unsplash

Keep Reading Show less
Photo by Dmitry Demidko on Unsplash

Bitcoin has become an essential crypto asset in modern portfolios and investment funds.

Bitcoin has become an essential crypto asset in modern portfolios and investment funds. The confidence generated in this cryptocurrency will depend a lot on the diversification that companies make in their balance sheets in Bitcoin and the increase of institutional investors that allocate a percentage of their funds in this crypto. American fund manager Cathie Wood makes some interesting predictions, both in the rise that the Bitcoin price will experience in the next 5 years, suggesting these institutional investors allocate 5% of their funds; this will help leverage the Bitcoin market.

Bitcoin will grow by a tenfold

Keep reading... Show less