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At a time when startups are mushrooming in India, a few desi companies have already gone far ahead in the race. <keyword id="6354742" type="COMPANY" weightage="100" keywordseo="Flipkart">Flipkart</keyword> and <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> are making news in the US owing to the competition they pose to their US counterparts <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> and Uber. 
 While speaking to <keyword id="824043" type="COMPANY" weightage="60" keywordseo="Business-Insider">Business Insider</keyword> at the <keyword id="69007" type="ORGANIZATION" weightage="20" keywordseo="World-Economic-Forum">World Economic Forum</keyword> recently, <keyword id="154034" type="PERSON" weightage="100" keywordseo="Gita-Gopinath">Gita Gopinath</keyword> who is permanent faculty at <keyword id="97117" type="ORGANIZATION" weightage="60" keywordseo="Harvard-University">Harvard University</keyword>'s Economics department, said – “I see an upward trend in the <keyword id="6356076" type="UNKNOWN" weightage="60" keywordseo="indian-economy">Indian Economy</keyword> with higher FDI coming in, especially in new businesses. Companies like Flipkart and Ola are talked about in the U.S. and for all the right reasons.” 
 <keyword id="60820" type="PERSON" weightage="20" keywordseo="Gopinath">Gopinath</keyword> is the third woman to have become a permanent professor at the prestigious <keyword id="53675" type="ORGANIZATION" weightage="100" keywordseo="harvard">Harvard</keyword> University’s Economic Department. The post also makes her the first Indian after Nobel laureate <keyword id="9663" type="PERSON" weightage="20" keywordseo="Amartya-Sen">Amartya Sen</keyword> to receive such an honour. 
 While reacting to the <keyword id="1948072" type="UNKNOWN" weightage="20" keywordseo="Indian-startup">Indian Startup</keyword> ecosystem, she further added – “Companies like Flipkart and Ola might be termed as ‘copycat companies’ born out of ideas that have worked abroad but they are being commended for giving a stiff competition to their U.S. counterparts namely Amazon and Uber.” 
 <keyword id="7858" type="PERSON" weightage="20" keywordseo="Gita">Gita</keyword> stressed on the need for domestic investment to further push the Indian <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> on a progressive path. "We need to realise that entrepreneurship is not necessarily increasing employment. The concrete economic reforms such as GST tax, biometrics for payments, fiscal federalism, <keyword id="6706196" type="ORGANIZATION" weightage="20" keywordseo="Unique-Identification-Number">Unique Identification Number</keyword> ie. Aadhaar are transforming the country’s economy. While it is encouraging to see FDI increasing, the real change will come with domestic private investment increasing in the country." 
 
<a href="http://www.businessinsider.in/The-2016-festive-sales-Flipkart-Amazon-Snapdeal-and-Shopclues/articleshow/54657097.cms">ALSO READ: The 2016 festive sales- The winner so far</a> 
 This woman of strength also called for increased <keyword id="624" type="ORGANIZATION" weightage="20" keywordseo="Women">women</keyword> participation in the workforce while identifying the challenges they have to face. 
 
She concluded by saying - "The awareness has increased about the need to increase women participation in the workplace, but there are no amenities to assure that. Women need to feel safe when they go to work and this disparity is growing in urban and rural areas. Women need to be given the same opportunities in every sector, and there’s a long way to go." 
 
Picture credits: World Economic <keyword id="23897" type="ORGANIZATION" weightage="20" keywordseo="forum">Forum</keyword>

EXCLUSIVE: Indian Harvard Professor Gita Gopinath says Americans are
talking about Flipkart and Ola

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EXCLUSIVE: Indian Harvard Professor Gita Gopinath says Americans are talking about Flipkart and Ola

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