Firstpost | How Trump’s tariffs can be opportunity in crisis for India

While Trump’s tariffs aren’t designed to help India, they may inadvertently provide the external catalyst needed for India’s economic transformation. Sometimes, the most valuable gifts come in the most unexpected packages.

The Donald Trump administration’s recent imposition of tariffs on Indian goods could have a silver lining if India can seize the opportunity. In conditions reminiscent of the 1991 crisis that opened up India’s economy, India could use this opportunity for its long-overdue economic transformation by fostering a more export-oriented economy. This is an opportunity to shift the domestic Overton window on protectionism, albeit under pressure.

By Arindam Goswami

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Indian Express | More delivery and payment apps will not make India a tech leader

While India celebrates its unicorn boom, a troubling innovation gap separates us from true technological leadership. Despite boasting of the world’s third-largest startup ecosystem and a massive pool of technical talent, India needs to do a lot more when it comes to cutting-edge DeepTech innovation. Its unicorns solve distribution problems rather than scientific ones. Its brightest minds build payment apps, not quantum computers. India’s venture capital flows to the next food delivery service, not fusion energy. This paradox demands explanation — and action.

By Arindam Goswami

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Moneycontrol | Lessons from China's support for local startups — a path to innovation for India

China's local governments drive innovation through fiscal autonomy, incentives, and policy experimentation. India can adopt similar reforms by enhancing fiscal power, creating innovation zones, and aligning municipal leaders’ incentives with startup growth to foster a competitive, innovative economy

By Arindam Goswami

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Mint | Hustles could yet trip up Indian startups if we don’t take due care

Yes, I live in Bengaluru, and yes, my neighbourhood is the epicentre of India’s startup ecosystem. Still, I was struck by the manner in which the person at the adjacent table at Third Wave Coffee greeted his friend. “What’s your hustle, man?" Over the past decade, the word ‘hustle’ has made inroads into the vocabulary of the country’s tech industry. In a positive sense, it means different things: to move fast and get things done; to work hard and for long hours; to earn a second income; to do freelance work in the gig economy; or to start up a new business. Read the full article here.

What are China’s weak points?

What is common to PayTM, Ola, BigBasket, Swiggy, and OYO? Yes, they are all made in India startup success stories. Some of them have achieved global success too. Did you know the Ola taxi service was launched in London in February? And OYO rooms are available in almost a dozen countries other than India? However, the other common factor to all of them is that they are substantially funded by Chinese investors. As reported by the digital publication, The Ken, all the top ten startups of India, ranked by venture funding raised, have Chinese investment. Apart from the five mentioned above, these include the app-based self-learning platform Byju’s and a very successful logistics company called Delhivery. A startup needs angel funding in the very beginning, and venture funding soon thereafter. Indian banks cannot help. Once the startup becomes successful, its value increases. If its value exceeds billion dollars (which is roughly Rs 7,500 crore today), then it is called a unicorn. The Gateway House, a think tank, reports that 18 out of 30 unicorns in India have Chinese investors. These investors are crucial to the startup community, because in their earlier years these companies have been incurring losses, and these have to be funded by some rich uncle, at least to pay salaries. Since there are not enough Indians willing to patiently fund losses for the first few years of startups, the Chinese have happily stepped in. In the process, Indian companies have achieved scale, and some can become world-beaters. The Chinese investors will make handsome money, but that is because they took risks and were patient for all these years. Besides, eight out of 10 startups fail. So the investor makes up by hitting a jackpot on the ninth or the tenth that does not fail.Read More