Let’s take the thinking from yesterday further. If the next 5-7 years can create wealth of $25-50 billion in India’s digital space, much of that will accrue to Indian entrepreneurs and employees in their companies, along with their investors. This can in itself be a game-changer for the country because a significant part of this money will make its way back into the ecosystem – either as investment into early-stage companies or as philanthropy.
That is why we need to encourage entrepreneurship – and celebrate failure. Only out of the failures will emerge the big successes. Unfortunately, investors across the board have become too cautious and an ill-thought government policy almost discourages employee stock options. If Indian entrepreneurs can lead the generation of billions of dollars of wealth in the next decade, it can create a very different environment for the future.