It will be 'decade of entrepreneurs' in India, says Narayana Murthy
Narayana Murthy said there is tremendous opportunity in the country and the entrepreneurs have to be enthusiastic.

Mumbai: Days ahead of the launch of the Centre's campaign on developing the startup ecosystem, Infosys co-founder and venture investor N R Narayana Murthy today said times are conducive to make it the "decade of entrepreneurs" in the country.
"I think all the stars are in place for entrepreneurs and therefore, this is going to be the decade of entrepreneurs," he told reporters on the sidelines of an ICSI event here. He said there is tremendous opportunity in the country and the entrepreneurs have to be enthusiastic.
Murthy, who runs venture investing firm Catamaran Ventures, said there is a "lot of" venture capital money available and the government is also very enthusiastic about facilitating them. He acknowledged the thrust the government is giving to the area, with the startup India initiative set to be launched on 16 January.
In his Independence Day speech, Prime Minister Narendra Modi had announced a new campaign, 'Startup India, Stand up India' to promote bank financing for startups and offer incentives to boost entrepreneurship and job creation in the country.
Minister of State for Finance Jayant Sinha had later said that Modi will announce a slew of announcements at the launch of the campaign. India is ranked fourth, behind the US, UK and China, when it comes to the number of startups.
PTI
also read

LIC IPO share allotment: SC refuses to grant interim relief on pleas seeking stay
A bench of Justices D.Y. Chandrachud, Surya Kant and P.S. Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO

India's power consumption grows 13.6% to 132.98 billion units in April, shows govt data
Power consumption in April last year was recorded at 117.08 BU, which was higher than 84.55 BU in the same month of 2020

Federal Bank net profit rises 13 per cent to Rs 541 crore in March quarter
The total income in FY22 rose slightly to Rs 15,749.85 crore from Rs 15,716.61 crore