During a recent podcast interview, co-founders of Zerodha Nithin and Nikhil Kamath, discussed the value of cooperation between businesses, regulators, and the government. Although they noted encouraging developments in India’s startup scene, they cautioned against overly stringent restrictions as a potential growth-stifler and deterrent for entrepreneurs.
Nikhil voiced concern about the unpredictability of the startup ecosystem, highlighting the potential for regulators to enforce abrupt and radical changes that could have a detrimental effect on firms. He compared the state of affairs to a classroom where severe regulations breed fear and impede the growth of creativity and invention.
Highlighting the difficulties associated with managing a brokerage business, Nithin continued, saying that recent regulatory changes from the Securities and Exchange Board of India (SEBI) may limit Zerodha’s revenue development. The Kamath brothers are optimistic about the future of startups in India in spite of these challenges. They think that encouraging a more encouraging attitude could encourage more people to start their own business and lessen the general dread that permeates the ecosystem.
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