Mukesh and I discuss why we are at the start of a true golden age of Indian entrepreneurship:
- Falling cost of debt and equity capital and expanding access to it. Significant expansion in capacity of the financial system.
- Progress on ease-of-doing-business is slower than desirable, but still meaningful.
- The next wave of entrepreneurship beyond internet companies: fintech, precision manufacturing, hardware, semiconductors, data centers, and chip design.
- Aadhaar’s evolution into a trust and KYC layer, and the substantial changes underway to make it even better.
- How lower unit costs in finance, education, and health can break vicious economic cycles.
- Global disruptions are already creating the pressure needed to drive change in our otherwise hard-to-change habits.