Government initiatives for start-up

Registration ID: IJNRD_183992

Published ID: IJNRD2211150

: http://doi.one/10.1729/Journal.32468

SONIA

: start-ups India, small business, entrepreneurship, financial instruments, government initiatives

India has an estimated 61400 start-ups, making it the third-largest start-up ecosystem in the world after USA and China. A record of 44 Indian start-ups achieved unicorn status in 2021, taking the overall tally of start-ups unicorn in India to 83, with most in the services sector, the survey showed. The Indian start-up ecosystem has been enlarged rapidly through private investments including seed, angel, venture capital, and private equity funds, with technical support from incubators, accelerators, and the government in the Tier 1 city (metros city). To pushing India towards a knowledge-based and digital economy, the government is attempting to deploy ICT infrastructure and provide policy support for enhanced e-governance, investments, and technology innovation through research and higher education to support entrepreneurship and spur economic growth. Small businesses beyond the metros are not fully aware of regarding various government incentives and tax breaks. Despite of rapid progress made so far, Indian start-ups faces many challenges included a lack of transparent policy initiatives that start-ups can tap into quickly, as well as lack of knowledge and exposure, infrastructure and complications in doing business. Creating more awareness among new start-ups, government take various initiatives as well as easing finance and tax norms for domestic as well as foreign investors could improve opportunities for start-ups in India. Keywords: start-ups, India, digital economy, small business, entrepreneurship, financial instruments, venture capital, government policy and regulation.

Published Paper   E-Certificate

SONIA (November-2022). Government initiatives for start-up. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(11), b429-b435. http://doi.one/10.1729/Journal.32468

Volume 7 Issue 11, November-2022

Pages : b429-b435

Paper Reg. ID: IJNRD_183992

Published Paper Id: IJNRD2211150

Downloads: 000122254

Research Area: Commerce

Author Type: Indian Author

Country: Sonipat, Haryana, India

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Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2211150

Crossref DOI: http://doi.one/10.1729/Journal.32468

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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