Rajat Tandon, President of the Indian Venture and Alternate Capital Association (IVCA), discussed the ongoing transformation of India’s entrepreneurial scene with media entrepreneur and author Shutapa Paul on her “What India Needs!” podcast. Tandon explored the evolution of India’s startup landscape, the critical role of MSMEs (Micro, Small, and Medium Enterprises), and the influence of emerging technologies on the nation’s economic growth. His experience in venture capital allowed him to provide valuable insights into how MSMEs, along with new tech, are shaping India’s future. Tandon emphasized the need for policies that support long-term capital flows to encourage growth across sectors.
India’s economy, expected to reach a valuation of $5 trillion by 2026-27, is driven by a startup ecosystem that has grown dramatically, with registered startups increasing from 340 in 2016 to over 1.4 lakh today. However, the journey comes with challenges. MSMEs, seen as India’s economic backbone, play a vital role in job creation and innovation, though they face obstacles like limited access to finance, technology adoption, and global market reach. Tandon highlighted the need for collaborative solutions, noting that MSMEs support the domestic market, while startups often look beyond. He also discussed the importance of empowering women entrepreneurs, who currently lead just 20% of India’s MSMEs.
The conversation highlighted India’s rapid adoption of generative AI, which grew 3.6 times in early 2024, impacting sectors like infrastructure and services and creating new job opportunities. Tandon emphasized that integrating technologies like AI will be essential for future jobs, while Paul highlighted the role of resilience and positivity for entrepreneurs.
The “What India Needs!” podcast offers a compelling platform for examining the vital topics shaping India’s progress. Focused on addressing the nation’s most pressing challenges, the podcast brings together experts and thought leaders to discuss impactful, actionable solutions for a sustainable and prosperous future. Tune in as we explore the many facets of India’s growth journey, from policy and governance to technological innovation, sparking informed conversations that drive positive change and development.
Hosted by Shutapa Paul—a seasoned anchor, commentator, author, and media entrepreneur—“What India Needs!” blends expertise with an engaging approach to critical issues. Shutapa is the founder of Dharma Media Consultants, a top-rated brand-building and communications agency, and has earned multiple accolades, including Businessworld’s 40 Under 40 (PR & Corp Comm) and Social Samosa’s 40 Under 40. Her broad experience in journalism, startups, and impact investment adds depth to each episode, positioning the podcast as a dynamic source of thought-provoking ideas and insights.
As the President of the Indian Venture and Alternate Capital Association (IVCA), Rajat Tandon plays a key role in shaping India’s alternate asset ecosystem. He is a staunch advocate for policies that support capital flow and strengthen the sector, elevating India’s profile as a global hub for alternate investment. With a background that includes leading NASSCOM’s “10K Start-ups” initiative, Rajat’s career spans significant contributions to technology, venture capital, and private equity sectors. His role with the CII National Start-up Council reflects his dedication to expanding India’s startup ecosystem and guiding new businesses towards success.
An alumnus of the Indian Institute of Management Technology (IIMT), Ghaziabad, and MIT Engineering College, Pune, Rajat combines technical expertise with strategic insight. The IVCA, which he represents, is India’s premier industry body for alternate capital, fostering an environment that supports innovation, job creation, and economic growth. IVCA’s membership includes leading domestic and global venture capitalists, private equity firms, and investment funds. These members actively invest across sectors—from startups and infrastructure to distressed assets—helping shape a robust investment ecosystem essential for India’s continued development.
