Start-up bubble in India is going to burst soon? Here’s what the youth thinks
The young people do not seem to be fascinated anymore with the start-up revolution. The reason may be that the poster boys of Indian start-ups have not had a grand time of late, with valuations falling and layoffs becoming a reality.
The young people do not seem to be fascinated anymore with the start-up revolution. The reason may be that the poster boys of Indian start-ups have not had a grand time of late, with valuations falling and layoffs becoming a reality.
In the latest Youth Survey by HT and MaRS, only 21.2% men and 18.5% women say start-ups are a revolution that will take the country to unexpected heights. About as many – 20.8% men and 21.2% women -- say it is a bubble that is going to burst.
A much higher percentage from both the genders – 58% men and 60.3% women – say the country will gain from the start-up revolution, but much less than expected. And a sizeable percentage is left cold by the start-up revolution. As many as 28.8% of the men and 31.8% of the women say it does not excite them at all.
Still, in a bit of a surprise, 40.7% of the men say they have the desire to set up a start-up in the near future, and 37.9% of them say they are open to working with a start-up. Fewer women are as enthusiastic: only 28.4% say they have the desire to set up a start-up in the near future, and 27.7% say they are open to working with one. In fact, 55.8% of the men and 55.3% of the women say they have a good idea for a start-up.
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