Lok Sabha elections 2024: Startups seek support, policy continuity from new govt

Amidst surprising election results with no clear majority, senior executives in the startup industry emphasized the need for continued government support and policy stability. Rameesh Kailasam of IndiaTech called for addressing regulatory clarity and GST issues. \r

Serial entrepreneur K Ganesh stressed the importance of a decisive mandate for policy continuity, ensuring stability for foreign investors. Mohandas Pai highlighted the victory of democracy while pointing out persistent challenges in the startup ecosystem. \r

Meanwhile, stock markets reacted negatively to the uncertainty, with the Sensex and Nifty50 closing significantly lower. Startup executives, including Anupam Mittal and Prakhar Khanduja, shared their perspectives on the election outcome, while Rajesh Sawhney expressed optimism about the potential impact of leaders like Mr Naidu in driving change in the startup ecosystem.