New Delhi, Feb. 23 -- Startups have been reshaping the landscape of the Indian industry for quite some years now, making the country one of the largest startup ecosystems in the world. At a time of sluggish job growth and continuing income disparity, this trend is, no doubt, more than welcome, but at the same time it is imperative that the government continues its efforts to push the ecosystem further for our entrepreneurs. In this light of this, a slew of measures the Centre unveiled last week, do deserve mention.
First, our startups have got a new definition. Accordingly, an entity shall now be considered a startup up to 10 years from its date of incorporation instead of the existing period of 7 years. Also, the turnover limit for startu...