Start Up Initiations

Startup means an entity, incorporated or registered in India :

 Not prior to seven years, however for Biotechnology Startups not prior to ten years,
 With annual turnover not exceeding INR 25 crore in any preceding financial year, and
 Working towards innovation, development or improvement of products or processes or
services, or if it is a scalable business model with a high potential of employment
generation or wealth creation. Provided that such entity is not formed by splitting up, or
reconstruction, of a business already in existence. Provided also that an entity shall cease
to be a Startup if its turnover for the previous financial years has exceeded INR 25 crore
or it has completed 7 years and for biotechnology startups 10 years from the date of
incorporation/ registration. Provided further that a Startup shall be eligible for tax
benefits only after it has obtained certification from the Inter-Ministerial Board, setup for
such purpose.

Introduction:
It has been a year now since Prime Minister Narendra Modi launched the Startup India scheme
on the 16th of January, 2016. However, the response to the scheme has been lukewarm. As per
certain media reports, less than 1,500 startups have so far applied for registration under the
scheme, around 500 were recognized as startups, and only about 100 became eligible for tax
benefits.

We can be certain that these were not the numbers that the government had in mind for the
provision of benefits, especially with a scheme of this scale, a pet project of the Prime Minister
himself that was first coined in his Independence Day speech of 2015, heard across the country
and even abroad

The Action Plan is divided across the following areas:

 Simplification and Handholding

 Funding Support and Incentives
 Industry-Academia Partnership and Incubation

Highlights of the action plan

Simplification and Handholding

 Compliance Regime based on Self-Certification - Startups shall be allowed to self-certify
compliance (through the Startup mobile app) with 9 labour and environment laws. In case of the
labour laws, no inspections will be conducted for a period of 3 years. Startups may be inspected
on receipt of credible and verifiable complaint of violation, filed in writing and approved by at
least one level senior to the inspecting officer. In case of environment laws, Startups which fall
 under the ‘white category’ (as defined by the Central Pollution Control Board (CPCB)) would be
able to self-certify compliance and only random checks would be carried out in such cases.
 Startup India Hub - To create a single point of contact for the entire Startup ecosystem and
enable knowledge exchange and access to funding.
 Rolling-out of Mobile App and Portal - To serve as the single platform for Startups for
interacting with Government and Regulatory Institutions for all business needs and information
exchange among various stakeholders
 Legal Support and Fast-tracking Patent Examination at Lower Costs - Under this scheme,
the Central Government shall bear the entire fees of the facilitators for any number of patents,
trademarks or designs that a Startup may file, and the Startups shall bear the cost of only the
statutory fees payable. Rebate on filing of application: Startups shall be provided an 80% rebate
in filing of patents vis-a-vis other companies. The scheme is being launched initially on a pilot
basis for 1 year; based on the experience gained, further steps shall be taken.
 Relaxed Norms of Public Procurement for Startups - In order to promote Startups,
Government shall exempt Startups (in the manufacturing sector) from the criteria of “prior
experience/ turnover” without any relaxation in quality standards or technical parameters. The
Startups will also have to demonstrate requisite capability to execute the project as per the
requirements and should have their own manufacturing facility in India.
 Faster Exit for Startups - Startups may be wound up within a period of 90 days from making of
an application for winding up on a fast track basis, as per the recently tabled Insolvency and
Bankruptcy Bill 2015, which has provisions for voluntary closure of businesses. This process
will respect the concept of limited liability.

Funding Support and Incentives

 Providing Funding Support through a Fund of Funds with a Corpus of INR 10,000 crore -
In order to provide funding support to Startups, Government will set up a fund with an initial
corpus of INR 2,500 crore and a total corpus of INR 10,000 crore over a period 4 years (i.e. INR
2,500 crore per year) . The Fund will be in the nature of Fund of Funds, which means that it will
not invest directly into Startups, but shall participate in the capital of SEBI registered Venture
Funds.
 Credit Guarantee Fund for Startups - Credit guarantee mechanism through National Credit
Guarantee Trust Company (NCGTC)/ SIDBI is being envisaged with a budgetary Corpus of INR
500 crore per year for the next four years.
 Tax Exemption on Capital Gains - With this objective, exemption shall be given to persons
who have capital gains during the year, if they have invested such capital gains in the Fund of
Funds recognized by the Government. In addition, existing capital gain tax exemption for
investment in newly formed manufacturing MSMEs by individuals shall be extended to all
Startups.
 Tax Exemption to Startups for 3 years - The profits of Startup initiatives are exempted from
income-tax for a period of 3 years. The exemption shall be available subject to non-distribution
of dividend by the Startup.
 Tax Exemption on Investments above Fair Market Value - Under The Income Tax Act, 1961,
where a Startup (company) receives any consideration for issue of shares which exceeds the Fair
Market Value (FMV) of such shares, such excess consideration is taxable in the hands of
recipient as Income from Other Sources. Investment by venture capital funds in Startups is
exempted from operations of this provision. The same shall be extended to investment made by
incubators in the Startups.

Industry-Academia Partnership and Incubation

 Organizing Startup Fests for Showcasing Innovation and Providing a Collaboration
Platform - To bolster the Startup ecosystem in India, the Government is proposing to introduce
Startup fests at national and international stages.
 Launch of Atal Innovation Mission (AIM) with Self-Employment and Talent Utilization
(SETU) Program -The Atal Innovation Mission will establish sector specific incubators and 500
'Tinkering Labs' to promote entrepreneurship, provide pre-incubation training and a seed fund for
high-growth startups. Three innovation awards will be given per state and union territory, along
with three national awards, as well as a Grand Innovation Challenge Award for finding ultra-low
cost solutions for India.
 Harnessing Private Sector Expertise for Incubator Setup - To ensure professional
management of Government sponsored / funded incubators, Government will create a policy and
framework for setting-up of incubators across the country in public private partnership.
 Building Innovation Centres at National Institutes - In order to augment the incubation and
R&D efforts in the country, the Government will set up/ scale up 31 centres (to provide facilities
for over 1,200 new Startups) of innovation and entrepreneurship at national institutes
 Setting up of 7 New Research Parks Modeled on the Research Park Setup at IIT Madras -
The Government shall set up 7 new Research Parks in institutes with an initial investment of INR
100 crore each. The Research Parks shall be modeled based on the Research Park setup at IIT
Madras.
 Promoting Startups in the Biotechnology Sector - 5 new Bio-clusters, 50 new Bio-Incubators,
150 technology transfer offices and 20 Bio-Connect offices will be set up in research institutes
and universities across India. BIRAC AcE Fund in partnership with National and Global Equity
Funds (Bharat Fund, India Aspiration Fund amongst others) will provide financial assistance to
young Biotech Startups.
 Launching of Innovation Focused Programs for Students - An innovation core program
targeted at school kids aims to source 10 lakh innovations from five lakh schools, out of which
the the best 100 would be shortlisted and showcased at an Annual Festival of Innovations, to be
 held in Rashtrapati Bhavan. A Grand Challenge program called NIDHI (National Initiative for
Developing and Harnessing Innovations) shall be instituted through Innovation and
Entrepreneurship Development Centres (IEDCs) to support and award INR 10 lakhs to 20
student innovations. Uchhattar Avishkar Yojana, a joint MHRD-DST scheme has earmarked Rs.
250 crore annually to foster "very high quality" research amongst IIT students.
 Annual Incubator Grand Challenge - The government will identify and select ten incubators,
evaluated on pre-defined Key Performance Indicators (KPIs) as having the the potential to
become world class, and give them Rs.10 crore each as financial assistance to ramp up their
infrastructure.

Incubation:
Startup Incubation (also known as Startup accelerators) hold significant importance in a country
like India where entrepreneurs by the score are launching new setups and changing the game of
business by minutes. For the uninitiated, Startup incubation programs or centers provide support
functions, mentorship and resources to individual entrepreneurs or entrepreneurial setups.

This enables them to get all the expert advice and technical guidance that they need to survive
for a longer time, unlike most other entrepreneurial ventures that fizzle out within a few months
of their launch.

Almost every other prestigious B-school today houses an incubation center so that great ideas
can be nurtured from their very source. Currently there are about 100 incubation centers
supported by the ISBA which is the apex Indian professional body supporting business
incubators. Private incubators are a handful, but gradually growing. These numbers are expected
to double within the next two years.

Let’s take a look at some of the good business incubation centers in India.

Innovation and Entrepreneurship (SINE), IIT Mumbai,

If you’ve heard of Webaroo, Bhugol GIS and SMSGupshup.com, then you must know that these
ventures came into existence because they were nurtured and incubated by SINE – the tech
incubator housed at IIT Bombay. Think LABS Techno solutions, an educational robotics venture,
Myzus Technologies and Elnfinitus are amongst some of the famous businesses that SINE has
incubated. These startups have been successful in raising venture capital investment after incubation
of upto Rs. 3 crore from the market. Established in 2004, SINE can incubate an average of 15
companies at a time and has an infrastructure spread over 10,000 sq.ft

Technology Business Incubator, IIT Delhi

Run by IIT, Delhi, this incubator is accepts incubation applications from either IITD students, alumni
or one of the members of the Academic staff only. The selection criteria are quite stringent. If
external startups want to be a part of it, they can explore having tie-ups with the college professors,
which can then enable you entry into TBI.

You can check more details on their website.

Technopark Technology Business Incubator (T-TBI), Kerala

Established in 2006 with the support of the Government of Kerala, T-TBI offers fully furnished
working spaces spread over 15,000 sq.ft, expert opinions and guidance from the industry, marketing
and legal management consultancy and financial assistance.

T-TBI has till date successfully incubated about 60 companies and has had a 92 percent success
rate. In early 2011, T-TBI was chosen as the world’s best software incubating company and the first
Indian organization to have achieved this status.

Centre for Innovation, Incubation and Entrepreneurship

(CIIE), IIM Ahmedabad
A business incubator housed at India’s prime business school simply cannot be left out of the list.
Having started incubation initiatives since 2007, CIIE has an interesting perspective on why it
doesn’t provide physical space for business incubation. They want entrepreneurs to build their
ideas from wherever they are stationed, so that the local economy benefits from its growth.

From the time it started, CIIE has incubated more than 50 companies, only a handful of which were
owned by IIM students. CIIE has been incubating businesses in the areas of internet and mobile
technology, clean technology, social sector startups and healthcare.

From mentoring clinics to art exhibitions from global warming initiatives to social enterprise funds,
CIIE has evolved as a prestigious business incubation centre in India. Some of the CIIE’s incubates
are colored. by, Biosensor, Bond, Croak. it, Flick2Know, Idiophone, amongst a host of others

Startup Village
Startup Village is a different kind of incubator which is a public private enterprise run by
Government of Keral. The Govt has earmarked Rs. 100 crore for Startup Village and want to
incubate over 1000 startups in 10 years.
Interestingly, students entrepreneurs are offered with various perks to be part of this incubator
including getting attendance at college, grace marks and even tax exemption for business generated
by startups incubated within Startup Village premises.

Indian Angel Network (IAN)

IAN in an equity based business incubator center that gives priority to ventures in the areas of
healthcare, gaming and animation cloud computing, retail, mobile VAS, media and entertainment,
alternative energy, education and clean technology. It has been established with the support of the
National Science & Technology Entrepreneurship Development Board and the Department of
Science & Technology of the Government of India.

In addition to the regular functions of a business incubator, the IAN incubator helps startups to get
seed funding and pre angel funding through its tie-up with Small Industries Development Bank of
India. The IAN also has strategic alliances with DST supported incubators, corporate, R&D labs and
many industry associations. The IAN incubator is particularly famous for the activities it organizes –
from its ‘Open Saturdays’ to angel investors meet to workshops for training entrepreneurs

Technopark TBI
Technopark Technology Business Incubator (T-TBI), is the India’s first Non Academic Business
Incubator, hosted and housed inside the Asia Largest IT Park Techno park. Techno park
Technology Business Incubator (T-TBI), a joint association of Techno park, Trivandrum and the
Department of Science and Technology (DST), Government of India, to help the technology business
start-ups.

TBI provides startups with fully furnished office spaces, mentoring support in developing business
and technology plans, networking of business resources, seed capital assistance, marketing
assistance, professional assistance, conference facilities and video conference facilities.

NSRCEL, IIM Bangalore

NSRCEL is an incubation center run and managed by IIM, Bangalore. They offer various incubation
offers all the basic facilities to startups including an office space, desktops, Hi Speed Internet
facility, Uninterrupted Power supply etc. The incubator provides mentoring from their eminent
faculties and also offers seed money support to some of the incubate companies. The funding is
primarily through government grants and its disbursement is in accordance with the guidelines that
have been laid down by the primary funding agency.

Screening is done by the screening committee before startups can get into NSRCEL. You can check
more information on their website here.
GSF Accelerator
GSF is a private accelerator rather than a incubator. However, many startups from their portfolio
have been quite successful. Some of them have got acquired by likes of Face book or then raised
hefty Series A funding after being mentored at GSF and hence we are including them in the list.

According to their website, GSF wants to push innovation and entrepreneurship in India through
angel and seed investing. Their larger mission is to encourage flow of informed, knowledgeable
mentorship capital to the start-ups in India and beyond.

AngelPrime
AngelPrime was launched recently in 2011 in Bengaluru by well known names in the Indian tech
industry like Bala Parathasarathy, Shripati Acharya and Sanjay Swamy. The areas that AngelPrime
aims to incubate in are mobile payments, e-commerce and smart phone / tablet apps. It has already
begun incubating a mobile payments company and a smart phone and tablet startup.

Unlike the CIIE, AngelPrime believes in incubating their ventures at their office space so that they
can be closely monitored. AngelPrime has an edge in its services because the founders bring their
previous corporate networks and experiences into incubating new ventures. To know more, visit
their website.

Business incubators play a large role in reducing the gap between new products / services in stages of
ideation to their commercial rollout. It also provides an equal platform to all entrepreneurs so that
they can create products and services that will benefit all sections of the society

 The Ministry of Science and Technology cleared a proposal for setting up a Rs. 36 crore
biotechnology business incubation center at the University of Pune called the The Science
and Technology (Scitech) Park.
 The Hubli-Dharwad Municipal Corporation in the North Karnataka region is planning to
open an incubation center at the Aryabhata IT Park in Hubli to attract and hone
entrepreneurs in the IT sector from Hubli and Dharwad.
 In 2012-13, The Ministry of Science and Technology has proposed to set up a Nano Park
near the Bengaluru International Airport (BIA). This will host a nano-incubation center,
science and technology-based business incubator, physical infrastructure and other support
systems.
 Make In India and Made In India
Make in India campaign

Make in India is the BJP-led NDA government's flagship campaign intended to boost the
domestic manufacturing industry and attract foreign investors to invest into the Indian economy.
The Indian Prime Minister, Mr. Narendra Modi first mentioned the keyphrase in his maiden
Independence Day address from the ramparts of the Red Fort and over a month later launched
the campaign in September 2014 with an intention of reviving manufacturing businesses and
emphasizing key sectors in India amidst growing concerns that most entrepreneurs are moving
out of the country due to its low rank in ease of doing business ratings.

The Make in India Vision

Manufacturing currently contributes just over 15% to the national GDP. The aim of this
campaign is to grow this to a 25% contribution as seen with other developing nations of Asia. In
the process, the government expects to generate jobs, attract much foreign direct investment, and
transform India into a manufacturing hub preferred around the globe.

The logo for the Make In India campaign is a an elegant lion, inspired by the Ashoka Chakra and
designed to represent India's success in all spheres.The campaign was dedicated by the Prime
Minister to the eminent patriot, philosopher and political personality, Pandit Deen Dayal
Upadhyaya who had been born on the same date in 1916.

Why PM wants to Make in India

The Prime Minister called for all those associated with the campaign, especially the
entrepreneurs and the corporates, to step and discharge their duties as Indian nationals by First
Developing India and for investors to endow the country with foreign direct investments. The
Prime Minister also promised that his administration would aid the investors by making India a
pleasant experience and that his government considered overall development of the nation an
article of faith rather than a political agenda. He also laid a robust foundation for his vision of a
technology-savvy Digital India as complementary to Make In India. He stressed on the
employment generation and poverty alleviation that would inevitably accompany the success of
this campaign.

Launch Ceremony
Prime Minister Mr. Narendra Modi launched the Make In India campaign on September 25,
2014. The date of the launch was chosen to be of maximum advantage. Coming right after the
successful insertion of Mangalyaan - a wholly indigenously built low-cost probe into the Martian
orbit - the event highlighted India's success in manufacturing, science and technology, and all
this at inexpensive costs. It also came just a day ahead of the Prime Minister's maiden US visit.
Calculated to enhance India's attractiveness as an investment destination, the launch ceremony
was held at the Vigyan Bhavan in New Delhi. Thehall thronged with attendees, a number of
whom did not even find seats. Leading entrepreneurs and the CEOs of about 3000 companies
from across 30 countries were invited to attend the launch.

Law Minister Mr. Ravishankar Prasad and Commerce Minister Ms. Nirmala Sitharaman were
part of the occasion. Apart from them, a number of corporate head honchos with deep roots in
the country also spoke at the occasion. These include - Mr. Cyrus Mistry (Chairman, Tata Sons),
Mr. Kenichi Ayukawa (MD and CEO, Maruti Suzuki India), Mr. Mukesh Ambani (Chairman &
Managing Director, Reliance Industries), Mr. Azim Premji (Chairman, Wipro Limited), Mr. KM
Birla Chairman, Aditya Birla Group), Ms. Chanda Kochchar (MD & CEO, ICICI Bank), Mr.
Phil Shaw (CEO, Lockheed Martin), and Mr. YC Deveshwar (Chairman, ITC).

Sectors in focus

For the Make in India campaign, the government of India has identified 25 priority sectors that
shall be promoted adequately. These are the sectors where likelihood of FDI (foreign direct
investment) is the highest and investment shall be promoted by the government of India.On the
campaign launch, the Prime Minister Mr. Modi said that the development of these sectors would
ensure that the world shall readily come to Asia, particularly to India where the availability of
both democratic conditions and manufacturing superiority made it the best destinations,
especially when combined with the effective governance intended by his administration.

Automobiles Food Processing Renewable Energy

Automobile Components IT and BPM Roads and highways

Aviation Leather Space

Biotechnology Media and Entertainment Textiles and garments

Chemicals Mining Thermal Power

Construction Oil and Gas Tourism and Hospitality

Defence manufacturing Pharmaceuticals Wellness

Electrical Machinery Ports

Electronic Systems Railways

Benefits and disadvantages of Make in India

India is a country rich in natural resources. Labour is aplenty and skilled labour is easily
available given the high rates of unemployment among the educated class of the country. With
Asia developing as the outsourcing hub of the world, India is soon becoming the preferred
manufacturing destination of most investors across the globe. Mae in India is the Indian
government's effort to harness this demand and boost the Indian economy.
India ranks low on the "ease of doing business index". Labour laws in the country are still not
conducive to the Make in India campaign. This is one of the universally noted disadvantages of
manufacturing and investing in India.

Benefits of Make in India Campaign:

 The population of the country is increasing day and night and this is creating a huge issue
to the employment to the youth of the country.

 As the Campaign is running effectively, the youth are getting jobs in industries and other
employment sectors.

 The main aim of the campaign is to make India a powerful economy which will help
India to become the developed nation from the developing nation.

 At the launching of the Make in India Campaign, Top Business Tycoons and Industrialist
were there at the venue of launching where they ensure the employment guarantee.

 Helping the Countries Economy

 This campaign is launched to ensure the job guarantee and the effective impact on India
Economy. This will help the country to grow the Economy effectively.

 The campaign will help to provide employment to the youth of the Country and this will
surely reduce the poverty level and other social issues of the country.

 Shri Narendra Modi appeals the investors and manufacturers that they must manufacture
the project in India only but they can sell anywhere in India world.

 The investors come to India and started investing and manufacturing goods and products
in India.

Why Companies were not manufacturing in India

Make in India campaign is at loggerheads with the Make in China ideal that has gained
momentum over the past decade. China is a major rival to India when it comes to the
outsourcing, manufacturing, and services business. India's ailing infrastructure scenario and
defunct logistics facilities make it difficult for the country to achieve an elite status as a
manufacturing hub. The bureaucratic approach of former governments, lack of robust transport
networks, and widespread corruption makes it difficult for manufacturers to achieve timely and
adequate production. The Modi government has vowed to remove these hurdles and make the
nation an ideal destination for investors to set up industries.

The Make in India Website

Apart from the launch of a colourful brochure, which should find its way into the hands of
anyone intending to invest into India, the government of India also launched a website to
supplement the campaign. The Make In India website highlights each of the 25 target sectors
with statistics, reasons to invest, growth drivers, all policies relevant to investors and the
individual sectors, government support, and opportunities for investors apart from showcasing
the live projects that have been undertaken and FAQs. The website also links to the campaigns
Social Media feeds on Twitter, Facebook, Google Plus, and YouTube.

Criticism and concerns

The NDA government's Make In India campaign has till early October attracted INR 2000 crore
worth investment proposals. The campaign has, despite this,found its fair share of critics. The
topmost of these criticisms is leveled against the incumbent government. It has been felt that the
government does not walk its talk - labour reforms and policy reforms which are fundamental for
the success of the Make In India campaign have not yet been implemented. A number of layoffs
in companies such as Nokia India cast long shadows over the campaign. A number of technology
based companies have not been enthused by the campaign launch and have professed to continue
getting their components manufactured by China.

Campaign Name Make In India

Launch Date 09/25/14

Launched By PM Mr. Narendra Modi

Number of Sectors 25

Investment Proposals Received INR 2000 crore (till 9-Oct-2014)

Reason behind the Campaign:

 Make in India is launched by GOI, by PM Narendra Modi to attract the Foreign Investors to
invest in India and manufacture products and Goods in India.
 The government of India is running this campaign to encourage the domestic as well as
Multinational companies in order to manufacture goods and products in India.
 Since India is growing very fast and developing tremendously, India Need employment as well as
manpower, so by looking at this, the effort made by PM and he launched Make in India
campaign.
 The campaign was launched on 25th of September 2014 in Vigyan Bhawan which is in New
Delhi and This was launched by Prime Minister Shri Narendra Modi.

Make in India

•Attractive destination for investors- India is basically a service industry which is trying to
move its focus away from the tertiary sector of the economy to the manufacturing sector. Keeping
this goal in mind, 'make in India' campaign was launched to attract more foreign investment by
removing obstacles like the remaining traces of the license raj, fast sanction of projects from the
bureaucratic web, etc.

•Employment- It will also help to solve the problem of employment needs of our growing
population.
•Economic boost- On the economic front, it will boost trade and provide linkage with the global
supply chain and will reduce the current account deficit.

•Infrastructure development - It can expand the investment in infrastructure development.

Made in India

•Paying for technology - But on the other hand, it has many disadvantages too. 'Make in India'
will just import the technology so that India will pay for the technology in terms of licensing cost, up-
gradation cost, etc. Also, India does not have any control on the source of a company's raw material
supplies. The outsourcing company bounds India by contract and does not share its secrets.

•Competitive advantage - Another drawback will be, if some competition comes, say from Africa
or south America, where the conditions become suitable for manufacturing, then these companies
can shift their base from India causing a significant number loss of employment.

•Emergence of geographical identity brands- Made in India can be an answer to these

questions. It can encourage entrepreneurs to start up their business and be a part of the global skill
pool as India lags behind in “home-grown brands” like German cars, swiss chocolates and British
scotch.

•Political reasons - Made in India will provide strategical benefits in terms of defense and nuclear
energy sector which are crucial from the political perspective.

•Encouragement of R&D - Finally, India can benefit from technological advances by industrial
revolution.

Sustainable growth by balancing environment

Sustainability is the backbone of business – this has always been true and for largely obvious
reasons. Any organization which is absent of sustainability is destined to, at some point or
another, fail. Typically this is not a desirable outcome for an organization. So sustainability is the
name of the game.

“Economic sustainability” can be taken as meaning a combination of (i) remaining commercially

viable (both now and ideally across future generations) and (ii) being able to sustain operations
in the face of unexpected and severe events, such as the global financial crisis which struck in
2007/8 for example.

Economic sustainability can be viewed through five capitals, which include:

-Natural capital which comes from our ecological system;

-Produced capital which comes from our productive activities;

-Human capital which comes from our talented people;

-Social capital which comes from social trust and social interaction; and

-Financial capital which connects all the previous four capitals to help grow and sustain an
economy.

“Environmental sustainability” is more directly focused on the physical environment. Insofar as I

wish to give it a precise definition, in the organizational context it loosely refers to taking
responsibility for the environmental impacts connected – either directly or indirectly – to
operational activities.

Economic and environmental sustainability are closely linked in several ways, and will become
increasingly more so. Producing goods and services requires, to a greater or lesser degree, the
use of natural resources – and thus comes attached with an environmental cost.

India is considered to be the world's largest growing economy. In the race of this growth India should
give high priority to environment protection and work to limit its degradation.
India should make balance between its economic growth and environmental sustainability because:

1. It's been seen that the economic growth without any environmental concerns will make us pay
bigger prices in future as is seen with some fast growing countries like China.
2. As India is still growing it is comparatively easy to introduce new eco-friendly technologies rather
than using corrective methods afterwards.
3. India is the third highest producer of carbon dioxide so it needs to curb down its emission so as to
comply with its INDC.
4. To reduce the growing risk of developing respiratory diseases like COPD as few of our cities are
high emitter of pollutants.

India can manage its economic growth and environment sustainability:

1. By taking stringent action against organizations which are not complying with our environmental
laws.
2. Strengthening its supervising functions so as to identify the non compliant organization in initial
stages.
3. Sensitizing people about the harmful effects of pollutants and diseases caused by it.
4. Encouraging R&D to develop more environment friendly technologies.
5. Use of more renewable sources for fulfilling its energy requirements.
To acknowledge the problem and addressing it with concerted efforts and directing our innovative
thinkers in development of environmental friendly technologies is the need of the time.
Environmental issues must be addressed simultaneously as we move along the path of development.

India is place with high economic possibilities along with largest diverse population, having different
socio-economic backgrounds and other development challenges. Same time it’s also one among 12
mega biodiversity with mesmerizing natural beauty, Thus, It’s important for India to keep balance
between economic growth & environmental sustainability -----

Importance of Sustainable growth by balancing environment:

A)ETHICAL AND MORAL OBLIGATION--To restrict the development and progress with in ambit
of need & necessity ,and not to greed
B)SOCIAL AND POLITICAL OBLIGATION-under constitutional provisions like welfare state as
well as various international treaties like Paris agreement strive for sustainable development which
offer right based approach for development (social & economic justice) of growing demands(food
and energy security etc) of emerging country but same time duty based approach to protect &
conserve environment & climate as part of planet earth
C)HISTORIC AND CULTURAL OBLIGATION-- Many Indian custom and cultures already
believes in vasudhaiva kutumbhikam which upholds principles of sustainable development
D)GEOGRAPHICAL OBLIGATION-Neglecting environment during development process is
reverting back in form of pollution, climate change & its impact

However same times its challenging for country which is having disparity between
resource/supply(limited) & demand (high).In this respect-
A)Gradual shift to eco friendly energy sources and consumer goods Eg. Research & development
for cheap solar technology & other renewable resources and adaptation of sustainable agriculture &
organic farming
B) Adaptation of disaster resistance infrastructure with proper environment impact assessment
Eg. Incentive for real estate dealer in order to promote eco friendly housing system by making in part
schemes like housing for all
C)Down up developmental approach especially in tribal areas.
Eg. Expansion of REDD+ initiative in tribal reason helps to overcome poverty hunger as well as
conservation of forest & wildlife Eg. Traditional knowledge expansion