New Delhi: Kumar Raghavan of AWS said the Indian startup ecosystem is mature, with many headwinds as India is poised to become the world's third largest economy.
In conversation with Amazon.in, Raghavan, Startup Head, Amazon Web Services (AWS India and South Asia), discussed the vibrant Indian startup landscape, noting its strengths and innovation potential.
“We are the 5th largest economy, we are poised to become the 3rd largest economy… The factors that will contribute to this are labor growth, infrastructure development and efficiency improvements, where technologies like GenAI will play their role, a The large developer ecosystem, the ability to make products in the country and service the entire world, then there are regulatory tailwinds like Make in India and the Production Linked Incentive (PLI) scheme,” he said.
Raghavan lauded the maturity of the Indian startup ecosystem, citing the significant contribution of experienced founders who have launched multiple entrepreneurial ventures. “We are the third largest startup ecosystem in the world,” he said.“And we have some headwinds.”
He credited various factors for driving India's growth as a startup ecosystem.
“In the last decade, we have seen founders launching multiple startups in the last 7-8 years,” he said, adding that this wealth of experience has not only accelerated the lifecycle of startups, but also increased their chances of success. Has also increased.
He said India's strong developer ecosystem has further strengthened the startup landscape, providing competitive advantage and fostering a culture of innovation."These together give us a very strong momentum... India is one of the most vibrant and open markets. And there are a lot of opportunities for solutions," he said.
Raghavan also pointed to the growing interest from startups towards Embrace GenAI, and how Yellow.AI, Healthify, Fibe (formerly EarlySalary) have leveraged AWS's Generative Artificial Intelligence (GenAI) capabilities to revolutionize customer experience, internal operations, scalability, ) gave an example of adoption and use.
In conversation with Amazon.in, Raghavan, Startup Head, Amazon Web Services (AWS India and South Asia), discussed the vibrant Indian startup landscape, noting its strengths and innovation potential.
“We are the 5th largest economy, we are poised to become the 3rd largest economy… The factors that will contribute to this are labor growth, infrastructure development and efficiency improvements, where technologies like GenAI will play their role, a The large developer ecosystem, the ability to make products in the country and service the entire world, then there are regulatory tailwinds like Make in India and the Production Linked Incentive (PLI) scheme,” he said.
Raghavan lauded the maturity of the Indian startup ecosystem, citing the significant contribution of experienced founders who have launched multiple entrepreneurial ventures. “We are the third largest startup ecosystem in the world,” he said.“And we have some headwinds.”
He credited various factors for driving India's growth as a startup ecosystem.
“In the last decade, we have seen founders launching multiple startups in the last 7-8 years,” he said, adding that this wealth of experience has not only accelerated the lifecycle of startups, but also increased their chances of success. Has also increased.
He said India's strong developer ecosystem has further strengthened the startup landscape, providing competitive advantage and fostering a culture of innovation."These together give us a very strong momentum... India is one of the most vibrant and open markets. And there are a lot of opportunities for solutions," he said.
Raghavan also pointed to the growing interest from startups towards Embrace GenAI, and how Yellow.AI, Healthify, Fibe (formerly EarlySalary) have leveraged AWS's Generative Artificial Intelligence (GenAI) capabilities to revolutionize customer experience, internal operations, scalability, ) gave an example of adoption and use.
