Paper Title
Indian Start-ups Ecosystem: Growth Drivers and Challenges
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Registration ID: IJNRD_187363
Published ID: IJNRD2302124
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Keywords
Job, Start-ups, Entrepreneurs, Growth Drivers, Economy.
Abstract
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.
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How To Cite (APA)
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
Issue
Volume 8 Issue 2, February-2023
Pages : b217-b224
Other Publication Details
Paper Reg. ID: IJNRD_187363
Published Paper Id: IJNRD2302124
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
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