Current Affairs For Bank, IBPS Exams - 03 August, 2015
Current Affairs for BANK, IBPS Exams
03 August 2015
:: Business ::
India to produce at least dozen billionaires among start-ups by 2020, says Assocham
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India is expected to produce at least a score of billionaires and many times millionaires among the start-ups in the next five years with e-commerce, financial services and other technology driven fields generating the maximum interest, an Assocham study on start-ups has pointed out.
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It said the maximum of value creation is expected in the fledgling e-commerce, music-entertainment, payment gate-ways and city transport aggregators such as radio taxis.
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The travel arena, especially in the ticketing and booking has already gained some level of maturity.
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The untapped areas for online business include e-coaching, medical consultations (with fool-proof safety features) and social networking in the cities, while in the rural landscape, the initiative is going to be led by the State sector.
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According to the study, even though the Securities and Exchange Board of India (SEBI) is putting a friendly regime for the start-ups to raise finance from the bourses, it would take some time before funds are raised through this channel.
