Mekin Maheshwari, co-founder of the Global Alliance for Mass Entrepreneurship (GAME), discusses the foundational motivation behind starting the organization.
“And we were both, we were all three very clear that if India does not build an ecosystem where a large number of our people start to create healthy enterprises enterprises that can create jobs for five plus people we will be facing a very large challenge both economically, but more importantly, socially, as we will have a large young workforce, but not having enough jobs and not having direction of how could they be productive in our society?”
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More from Mekin Maheshwari
AssertionSupported
Maheshwari: SMEs provide only 21% of India's non-farm employment
“Only like only about 21% of it is employed by what you would call small and medium enterprises.
most of the people are running what you would call a single entrepreneurship or what I call solopreneur.
And then there is some employment at the large enterprise …”
Mekin MaheshwariApr 26, 2020▶ 6:36Mekin Maheshwari on Impact of COVID-19 on Small & Medium Enterprises and Startups
PredictionNot checkable as stated
Maheshwari: 20% to 40% of Indian MSMEs face existential COVID threats
“And these sectors will see the kind of damage that you just talked about, right? Like almost 20 to 40% of them facing very dire situations, right? And surviving itself might be a large issue.”
Mekin MaheshwariApr 26, 2020▶ 13:17Mekin Maheshwari on Impact of COVID-19 on Small & Medium Enterprises and Startups
Opinion
Maheshwari: India needs much larger COVID relief packages relative to GDP
“When I compare our relief packages compared to rest of the countries globally I think as a percentage of GDP, we need to do a lot more.”
Mekin MaheshwariApr 26, 2020▶ 14:34Mekin Maheshwari on Impact of COVID-19 on Small & Medium Enterprises and Startups
Insight
Maheshwari: Macroeconomic conditions do not heavily determine early-stage startup success
“The impact of macro factors on very small enterprises and very small new innovative enterprises is reasonably small to start with. Right. We were, so while the economic situation was probably not not very amenable, macro factors like internet penetration in In…”
Mekin MaheshwariApr 26, 2020▶ 22:49Mekin Maheshwari on Impact of COVID-19 on Small & Medium Enterprises and Startups
Disclosure
Maheshwari: 75% of advisors warned me against joining Flipkart in 2009
“The VCs and advisors I had spoken to before joining Flipkart and 75% of them had advised against it believe that Indian consumers would probably not be able to trust online commerce.”
Mekin MaheshwariApr 26, 2020▶ 23:44Mekin Maheshwari on Impact of COVID-19 on Small & Medium Enterprises and Startups
PredictionNot checkable as stated
Maheshwari: Complete replacement of physical schools by online learning is far off
“And I think the number of those exceptions will increase for schooling to be replaced is a long, long way off.”
Mekin MaheshwariApr 26, 2020▶ 25:15Mekin Maheshwari on Impact of COVID-19 on Small & Medium Enterprises and Startups
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