Reimagined Entrepreneurship In Digital India
The experts deliberated that the recent pandemic has significantly increased the capacity to take risks and it has magnificently added to the potential of leaders and entrepreneurs to overcome the unexpected challenges and redefine the conventions. Survival in the market, sustainability, and the requirement to change the basic structure of businesses became the center of focus for the entrepreneurs as the cycle of the economy was facing a major halt.
BW Businessworld successfully concluded a flagship conference BW Disrupt 40 under 40 Young Achievers Summit & Awards 2020 virtually where a number of entrepreneurs, intrapreneurs, young change-makers, and thought leaders joined in to ponder the various impacted aspects of entrepreneurship in the time of disruption.
Throwing light on the positive outcomes of the pandemic; Ashutosh Garg, Storyteller, Author, Business coach, Shopkeeper manager while sharing his observations about the accelerated digitization across the industries Garg asserts, “Given the way India has always functioned; We have leapfrogged a generation as far as the digital technology is concerned.”
Digitisation/ Technology as the Game Changer
“The producer and the end-user are going to get closer and closer”, says Anil Ahuja – Founder,88tution. He further added that due to the pandemic, in India I have seen welcoming of change, been able to take more risk and rise in entrepreneurship.”
Technology is prevailing all across the industries and various sectors be it; banking, education, media, consultation, entertainment, consumption, food etc. The broad principle is we were at the speed of connecting but we just got connected all across the globe in very little friction.
Giant IT companies like Google, Microsoft, Facebook, are heavily investing in India in terms of infrastructure and technology that will contribute to creating more jobs and will lead to expansions enhancing the digital economy.
Discussing the new post-pandemic aspects of work and life; Saurav Banerjee, Founder & Managing Director, Mytakegroup highlighted a crucial point and said, “While all this is happening there is an important element that the world is realizing that is Sustainability. For us, the purpose is to make the goodness a way of life.”
Despite hitting hard by the covid-19; entrepreneurs and their ventures have been able to become resilient and stronger as the stakeholders. “The world is now recognizing the role of India can play not only in IT and BPO sector but also in the healthcare sector,” says Kartik Radia, Managing Partner, Mazars India LLP. Adding more to it he opens about being more optimistic about stakeholders in India as the businesses are gearing up in the post-covid scenario.
The advancements in technology and adapting to it are the major drivers of the Digital Economy across the sectors. Talking specifically about the ed-tech sector Rohit Bhayana, Managing Partner and Co-Founder, Lumis Partners emphasizes “the constant existence of digital even in the pre covid times but along with that the change digital making is with the speed of launching new businesses.”
