75+ Years of Economic Freedom

 
Finance

75+ Years of Economic Freedom: How Indian Entrepreneurs Have Redefined Independence

Pramod Singh

Every August 15th, I find myself pausing—both as an entrepreneur and as a citizen—to reflect not just on India's political freedom, but also on our economic journey. Independence Day 2025 marks 78 years since we broke the shackles of colonial rule. But true independence, I believe, is more than waving a flag—it's the freedom to innovate, create jobs, and build globally respected enterprises.

As a business leader, I see our generation of Indian entrepreneurs not just as beneficiaries of freedom, but as torchbearers of a new kind of independence: economic self-reliance.

The Evolution from Political to Economic Independence

In 1947, India won its political sovereignty. But economic sovereignty? That’s been a longer journey.

The early decades were marked by state-led industrialization. It wasn't until the liberalization of 1991 that the entrepreneurial spirit found fertile ground. Since then, Indian businesses have surged ahead—from the IT boom of the 2000s to the current wave of tech startups and unicorns.

"India’s entrepreneurs have become the architects of modern-day freedom—driving innovation, reducing dependency, and putting India on the global map."
— Kunal Bahl, Co-founder, Snapdeal

Economic Freedom in 2025: What It Means Today

Today, economic freedom means:

  • Building without red tape

  • Accessing capital without bias

  • Innovating without fear

  • Competing globally without constraint

And let’s not forget the rise of digital public infrastructure like Aadhaar, UPI, ONDC, and India Stack, which have empowered even the smallest entrepreneurs to transact and grow.

Case Study: Zerodha – Democratising Wealth Creation

Founded in 2010, Zerodha redefined stock trading in India. By slashing brokerage fees and offering a transparent platform, it empowered millions of Indians to invest in their own future. Nithin Kamath, its founder, often speaks about "freedom from financial ignorance"—a true reflection of independence in today’s age.

Case Study: Nykaa – Creating Value, Breaking Stereotypes

Falguni Nayar’s Nykaa wasn’t just a beauty brand—it was a revolution. She proved that Indian women entrepreneurs could build profitable, IPO-ready ventures. Her success has inspired thousands of women to pursue economic freedom on their own terms.

"Independence is having the power to shape your destiny—and helping others do the same."
— Falguni Nayar, Founder, Nykaa

From Atmanirbhar Bharat to Global Giants

The government’s Atmanirbhar Bharat initiative has certainly catalyzed a mindset of self-reliance. But many founders have taken it a step further: building not just for India, but for the world.

Think of:

  • Freshworks (India’s first SaaS unicorn to list on NASDAQ)

  • OYO (expanding across 80+ countries)

  • BYJU'S (taking Indian edtech global)

These are not just businesses; they are expressions of Indian capability on a global canvas.

What’s Next: Freedom Through Purpose

As we look beyond 2025, the next phase of independence is about purpose-driven leadership. Building sustainable, inclusive, and ethical companies is the next big frontier.

This includes:

  • Green startups tackling climate change

  • Fintechs solving rural credit access

  • Women-led ventures challenging social norms

  • MSMEs tapping into global supply chains

Final Thoughts

Independence Day 2025 is not just about remembering the past—it's about renewing our commitment to build a freer, fairer, and more fearless India. As entrepreneurs, our role is clear: To create wealth with wisdom, and freedom with responsibility.

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FAQs on Independence Day 2025 & Economic Freedom

Why is Independence Day 2025 significant for Indian entrepreneurs?

It marks 78 years of progress and highlights how Indian business leaders are redefining freedom through innovation and global impact.

What is economic freedom in the context of India?

It refers to the ability of individuals and businesses to operate, innovate, and trade freely without undue regulation or corruption.

How has liberalization impacted Indian startups?

Liberalization opened access to capital, reduced bureaucracy, and sparked a wave of tech-driven entrepreneurship.

What are some government initiatives supporting economic self-reliance?

Programs like Atmanirbhar Bharat, Startup India, and Digital India support local innovation and entrepreneurial growth.

Who are some examples of modern-day entrepreneurial leaders in India?

Founders like Nithin Kamath (Zerodha), Falguni Nayar (Nykaa), and Girish Mathrubootham (Freshworks) exemplify this new wave of economic freedom.

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