RBI chief Raghuram Rajan is speaking on Start-Up India. Below are the highlights:
- Start-ups are the biggest source of job-creation in any country
- Govt trying to create an environment of easy entry & exit, level playing field etc., in this regard
- Two critical elements for start-up culture in India: Expand access to capabilities across the population (education, access to finance) and Basic safety net (health insurance, employment insurance)
- Indian government is working on how do we reduce regulation to the point where its lightest as possible
- RBI's perspective: Trying to do much more on the web, also we're trying to make the regulation simpler
- We've been trying to move towards lightly regulated, transparent, leveled playing-field
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