News > India, ‘notorious for stifling entrepreneurship’, sees a deluge of billion-dollar companies

India, ‘notorious for stifling entrepreneurship’, sees a deluge of billion-dollar companies

Republish | 26/03/2021 09:32 PM | Click to read full article

India was once considered a very difficult jurisdiction for a company to commence operations. But over the last two decades, it has seen a deluge of billion-dollar companies, with many in upcoming sectors like financial and education technology.

These companies, with hardly any linkages to traditional well-established corporate groups, are causing a massive churn in the Indian corporate landscape and leading to intense competition with well-established firms. Nearly 67 of the 100 unicorns — unlisted firms with valuations exceeding $ 1 billion — came into existence in India after 2005.