1 India: Startup Scene According to a report by World Startup, which evaluated universal startup ecosystems and recent NASSCOM 2015 startup report, India is the fastest growing startup ecosystem in the world with +4200 startups by October 2015, 110 startup incubators/accelerators and 2 times growth in number of investors in recent past. A very high percentage of known new businesses are ‘technology-enabled’ which eradicates the need to list out ‘ICT’ as startup enabler in India. Largely, ecommerce and aggregator […]
India: Startup ecosystem and startup costs.
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If you are 25 yrs today and save just Rs 10000p.a for the next 35yrs till age 60yrs, your savings would have grown to Rs 10133456 when you are 60yrs of age and if you had delayed the start of savings by just 5 yrs (that is started saving Rs 10000p.a from age 30yrs till age 60yrs), your savings would have grown to Rs 4999569 by the time you are 60yrs. Half of what you would have earned by staring 5yrs earlier! A delay of just five years has reduced the power of compounding on your investments by 5000000!