Indian Start-ups Ecosystem: Growth Drivers and Challenges

Registration ID: IJNRD_187363

Published ID: IJNRD2302124

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Dr. Reeta

Job, Start-ups, Entrepreneurs, Growth Drivers, Economy.

Indian Start-ups Ecosystem: Growth Drivers and Challenges ABSTRACT Today’s youth is a force to be motivated and harnessed. Start-ups are important because innovations are essential to a country's progress, hence their importance is undeniable. Startups are a part of a larger business ecosystem; they do not exist in a vacuum. In his speech on August 15, 2015, the Honourable Prime Minister of India, Shri Narendra Modi, announced the Start-up India programme, which aims to empower startups across India by fostering innovation and entrepreneurship. Three elements are the main emphasis of this initiative's action plan: Simplification and Handholding, Funding Support and Incentives. In order to understand the growth drivers and motives of Indian start-up founders, identify the challenges these start-ups face, and describe the opportunities available to them, this study analyses the current situation of the Indian start-up ecosystem. The strength of the conclusions is further supported by a review of pertinent literature. Many different viewpoints on the current state of the Indian start-up ecosystem were gathered for this analysis. It outlined the opportunities they see, the challenges they encounter, and the requirements for strengthening the bases of support for business owners. The development of start-ups will produce new inventions, and the expansion of innovations will produce new systems, services, and products that will improve our quality of life. Startups will promote long-term economic expansion, create numerous chances for employment, and reduce unemployment. It is appropriate to point out that some of these start-ups might become unicorns and turn into well-known companies by diversifying their markets internationally.

Published Paper   E-Certificate

Dr. Reeta (February-2023). Indian Start-ups Ecosystem: Growth Drivers and Challenges. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(2), b217-b224. https://ijnrd.org/papers/IJNRD2302124.pdf

Volume 8 Issue 2, February-2023

Pages : b217-b224

Paper Reg. ID: IJNRD_187363

Published Paper Id: IJNRD2302124

Downloads: 000122255

Research Area: Commerce

Author Type: Indian Author

Country: Karnal, Haryana, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2302124.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2302124

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

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