The Network State Podcast #19 - Lightspeed India
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Jul 16, 2025 Join Hemant Mohapatra, a partner at Lightspeed India, as he unpacks the thriving Indian tech landscape. He discusses how India became the third-largest hub for unicorns and the fastest growing economy from 2015-2025. The conversation covers biotechnology, innovations in drone delivery, and the country's vibrant content creation scene. Hemant also explores India’s struggles and triumphs in digital transformation and entrepreneurial spirit, providing insights into what drives this powerhouse on the global stage.
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Genomics Growth Hampered by Regulation
- The FDA blocked genetic test interpretation, stalling genomics growth despite tech advances. AI now enables better diagnostic interpretation, challenging regulatory barriers.
- Hemant and Balaji experienced challenges with Google Genomics project, highlighting trust issues with large corporates handling personal data.
India's Strong National Unity
- India has become a unified nation with a strong national identity despite diverse cultures and languages.
- The Indian union today has more nationalism and integration than the European Union, driven by language and common citizenship.
India's Unified Federal Structure
- Indian states differ culturally like European countries but they share a unified currency, language, and citizenship.
- Internal travel and trade are seamless, reflecting India's close-knit union despite vast diversity.