Government of India must ensure high quality digital infrastructure and ease of doing business for better business creation in the country. Explain (200 Words)
Refer - Financial Express
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Dev 4 years
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IAS Parliament 4 years
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IAS Parliament 4 years
KEY POINTS
· Start-Up India as one of its several missions to accelerate the country’s growth.
· Nasscom report says about the poor performance of incubators and accelerators, various studies find deficiencies in their effectiveness in the Indian context.
· Incubators can easily provide physical infrastructure and routine services, but the real value-added from clustering may be elsewhere.
· The government may do better by making sure that high-quality digital infrastructure is available for everyone, along with general promotion of ease of doing business.
· Another feature of innovation clusters, as opposed to incubators, that helps is the existence of social networks.
· Clusters rather than incubators also have the potential advantage of critical mass this may also have been a lack in Indian incubators, in particular.
· Start-Up India Mission is promoting easier protection of intellectual property, along with reductions of bureaucratic hurdles and improvements in tax treatment of start-ups.
Sheetal Vinod Kothari 4 years
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IAS Parliament 4 years
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