{Weekly Wrap} The economic slowdown and startups (and other top stories of the week)

Daily Capsule | 15th September Hello Over the last couple of weeks, the country has discussed one topic incessantly. Job cuts, hiring freeze, factory shutdown, and suspension of production are some of the headlines staring at us as the Gross Domestic Product (GDP) growth rate of the economy slipped to five percent for the first quarter of 2019-20, the lowest in over six years. [Now, it remains to be seen whether the thriving Indian startup ecosystem]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENVUw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) will also come under the cloud. The jury is still out on this as these are still early days. However, there is also a sense of unease on what the future holds for Indian startups. Since Independence, public sector enterprises (PSEs) have played a key role in steering the Indian economy in the right direction. As India forayed into economic planning and industrialisation, PSEs also played an important role in ramping up the growth apart from generating employment, capital formation, and generating income. At present, almost 70 years later, they are again writing the same story with the economy slowing down. But this time, they are not just the drivers, [but are hand-holding and investing in startups that have the potential to rev up the growth engine.]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENUkw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) Cheers, Team YourStory Here's what you need to know to stay caught up on Indian startups, innovations and more... [Profit-making small businesses you can start with as low as Rs 20,000]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENU0w=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) Starting a business, they say, is not about ideas. It’s about making ideas happen. But aspiring founders often find themselves struggling – with investments and ideas – before they join the hustle. To make the hustle easier, SMBStory has drawn up a list of 20 profitable manufacturing business ideas that you can start with low investment. [Into the nuts and bolts of Yulu, the dockless bike-sharing platform]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENUEw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) [[Behind the scenes] Into the nuts and bolts of Yulu , the dockless bike-sharing platform]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENUUw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) [Scaling up is not a linear process: investor Sanjeev Aggarwal]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENXkw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) In this episode of 100X Entrepreneur Podcast, we feature investor Sanjeev Aggarwal, who talks about why he looks out for founding team members who complement each other like Brahma and Vishnu before deciding to put his money in a startup. [This housewife built a Rs 10 Cr business from an investment of Rs 50,000]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFEDX0w=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFEDX0w=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0& [OTT platform SonyLIV recorded 100 million downloads]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFEAUkw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) Homegrown OTT platform SonyLIV has witnessed record growth in MAUs, engagement, and subscriptions since 2018. It has now emerged as a strong second player in a market currently dominated by Hotstar. But, there’s more to come. [This former fashion designer is making a home for the differently-abled]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENX0w=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFENX0w=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0& [Why Uber wants Bengaluru startup Sun Mobility's battery swap tech]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=WAMPSwZJDFIEVkw=&sl=I0h6S2NmSDd5MkxVW1wcWQUaGFxEERYRDhAYSgBbWBkA&pp=0&) Battery technology will remove the pollution caused by vehicles and at the helm of that change is Chetan Maini. The Co-founder of Sun Mobility and the Founder of India’s first electric vehicle Reva, Chetan is leading the charge to bring battery swaps in India to drop the pricing of EVs by encouraging collective ownership of electric mobility. 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