Business Standard article titled “Young India Does its Bit for Online Biz Model” reports that several members of Gen YRI are starting new online Internet companies.  This looks like an Indian version of ‘dot com boom’.  The article notes that, Juxt Consult report says that, four out of every five internet users in India are in the age group of 19-35 years. And, given the fact that India has 50 million internet users, the population of young surfers is 40 million.  Factors like rising wealth and rising number of youth entering work force will only increase the number of Internet users.  With meteoric rise of of mobile computing and development of new categories of computers like Netbooks and MIDs (Mobile Internet Devices), the number of potential customers in India will continue to rise.  Thus, Online Business Model is a viable way to tap that growing market of savvy users.  With a low startup cost, young entrepreneurs can implement their innovative ideas.

The article also notes that starting a business is still a risky proposition and hard for people to leave the security of a regular job and venture into something new and uncertain.  These young entrepreneurs still have to overcome people’s skepticism of Start up.   Still, the rewards are great and that’s what these new breed of young Indian entrepreneurs are focused on.