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A STUDY ON THE STATUS DEVELOPMENT AND CHALLENGES OF STARTUPS IN INDIA
Authors
Dr. Naganna Dalu
Downlaod Center
Keywords
: Startups, Make in India, Digital India, Status, Development and Challenges
Abstract
Abstract
In recent years, Indian startups have seen amazing transformations. With a booming economy, favourable government regulations, and a vibrant entrepreneurial culture, India has emerged as a hotspot for entrepreneurs and innovation. Over time, the country has seen an increase in entrepreneurial endeavours in a variety of industries, including technology, ecommerce, healthcare, finance, and others. Technology improvements have had a significant influence on the Indian startup environment. The increased use of mobile devices and the internet has provided new opportunities for entrepreneurs to access and interact with a huge client base. India has emerged as the world's second largest startup ecosystem after the United States. India is a magnet for startups, which are expanding at an exponential rate. The Global Startup Ecosystem Report 2022 ranks Bengaluru, Mumbai, and Delhi in the top 40 startup centers worldwide. In 2021 alone, Indian companies raised more than $23 billion in 1000+ transactions, with 33 businesses joining the coveted unicorn club. So far in 2022, 13 new unicorn businesses have joined the club. The rising investor trust in Indian startups is astonishing and is observed gathering pace across the various stages of a startup's life cycle. Recent years have seen a tremendous shift in India's entrepreneurial ecosystem, from the formation of new startups to global investor interest to developments in infrastructure and policy. Thus, the research intends to investigate the growth pattern of new ventures, startup factors, and sensitive obstacles for startups in the Indian context. The study has been carried out based on the secondary data and used statistical tools for the data analysis and inference. The study found that the huge scale for the startups in India and vulnerable challenges also impact on the growth of startups. The study also focused further research areas in startups in India.
IJCRT's Publication Details
Unique Identification Number - IJCRT2212654
Paper ID - 252075
Author type - Indian Author
Page Number(s) - f651-f660
Pubished in - Volume 10 | Issue 12 | December 2022
DOI (Digital Object Identifier) -
No Of Downloads - 49
Author Country - India, 518002, Kurnool, Kurnool, 518002, Commerce All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Dr. Naganna Dalu, "A STUDY ON THE STATUS DEVELOPMENT AND CHALLENGES OF STARTUPS IN INDIA", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.10, Issue 12, pp.f651-f660, December 2022, Available at :http://www.ijcrt.org/papers/IJCRT2212654.pdf
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