60% Indian startups may fail on lack of market: Mohandas Pai
Former Infosys CFO Mohandas Pai has said 60% of Indian startups may fail owing to the lack of market as they are all started by first-time entrepreneurs. Pai said that India has about 30,000 startups employing about 4 lakh people. He added that there will be 1 lakh active startups in India employing about 32 lakh people by 2025.