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Innovative startups create employment and contribute to economic growth globally. The Indian startup ecosystem creates seven-eight times more jobs compared with what listed companies create. And, of course, some startups end up being listed in the due course of time.
During a virtual conference organized by Entrepreneur India, Raman Roy, chairman and managing director, Quatrro, talked about the power of startups and contribution of entrepreneurial ventures in generating employment opportunities.
Roy shared a startup, Spectramind, which he ran earlier hired over 100 people in a day. He also added 30-40 people were also being lost due to attrition. However, he believes startups create new-age jobs further focusing on the capability of people to experiment with modern technologies. In addition, these startups create foundation for what can