Entrepreneurism, by itself, is a very demanding career for an individual, and minimizing government intervention can help them to achieve success. I strongly believe that start-ups and digital economy have the potential to take back India to 20% by 2025. India is moving towards a digital economy and mobile banking and smartphones will play a crucial role in supporting this vision. The industry has huge potential and can supplement government initiatives of 'Make in India' with highly technical product if focused. For example, starting from 0 percent tax in year 1, tax can be increased by 5 percent every year till it matches the prevailing rate.

Source: Economic Times January 30, 2017 07:18 UTC