Authors :
Muskan Ghani; Dr.Promita Mukherjee
Volume/Issue :
Volume 7 - 2022, Issue 6 - June
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/39S7oeK
DOI :
https://doi.org/10.5281/zenodo.6757857
Abstract :
Startups in India have gained immense
attention in the recent period especially since the Covid19 pandemic hit the country. Today, India proudly ranks
3
rd in the global start-up ecosystem worldwide which
only looked as a far-fetched dream a few years back.
Innovation in India has been at its peak yielding
unicorns one after the other. Startups have got the much
needed government support and mentoring which has
given way to economic development, job creation, open
innovation, easy availability of finance, changing
perception towards entrepreneurs and penetration of
technology. The main aim of this paper is to analyze the
current framework of startup ecosystem in India and
also emphasize on the drivers of growth, challenges, and
the kind of support available to promote the startup
culture. Sectors that require attention for the further
growth of startup ecosystem in India have also been
identified. The role of the Government of India as an
enabler in promoting startups has been emphasized in
this paper. The data included in the paper are all
secondary in nature gathered from Government
websites, renowned websites and journals among others.
Relevant reviews of literature that support the reasons
for growth of startups and discuss the challenges on the
way have also been included.
Keywords :
India, startup, startup ecosystem, innovation, growth, unicorn start-ups
Startups in India have gained immense
attention in the recent period especially since the Covid19 pandemic hit the country. Today, India proudly ranks
3
rd in the global start-up ecosystem worldwide which
only looked as a far-fetched dream a few years back.
Innovation in India has been at its peak yielding
unicorns one after the other. Startups have got the much
needed government support and mentoring which has
given way to economic development, job creation, open
innovation, easy availability of finance, changing
perception towards entrepreneurs and penetration of
technology. The main aim of this paper is to analyze the
current framework of startup ecosystem in India and
also emphasize on the drivers of growth, challenges, and
the kind of support available to promote the startup
culture. Sectors that require attention for the further
growth of startup ecosystem in India have also been
identified. The role of the Government of India as an
enabler in promoting startups has been emphasized in
this paper. The data included in the paper are all
secondary in nature gathered from Government
websites, renowned websites and journals among others.
Relevant reviews of literature that support the reasons
for growth of startups and discuss the challenges on the
way have also been included.
Keywords :
India, startup, startup ecosystem, innovation, growth, unicorn start-ups
