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Govt needs to unlock potential of domestic capital for Aatmanirbhar Bharat : 2021 Budget

2020 was a catalytic year. It was the year when large and small businesses faced multiple challenges. Some missed a step while others leveraged and grew their businesses exponentially. The Indian startup ecosystem was no different and many entrepreneurs seized the new opportunities thrown up and quickly innovated. The year only brought to the fore the strength and vibrancy of the Indian entrepreneurial ecosystem. Innovating, starting up, investing, fundraising, and exits didn’t stop. We saw unicorns and decacorns emerge, good companies raising money from India and overseas, and investors harvesting returns! And this has continued in 2021 with the year already throwing up its first unicorn! But, while the Indian startup ecosystem has revealed has the most talented and innovative minds building companies, it is critical for us to unlock India’s domestic capital — echoing Prime Minister Narendra Modi’s call for an Atmanirbhar Bharat. The government has already established the Fund of Funds and another Rs 1,000 crore for startups was announced by PM Modi on January 16.

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