Year: 2025
Type: article
Abstract: The article discussed how startup businesses are growing and the strategies they use in India. It has found that Startup India is a government program that helps new businesses and create a friendly and welcoming environment for innovation and entrepreneurship. The goal of this program is to support entrepreneurs, build a strong startup economy, and change the country from a place where people look for jobs to one that creates works. While many startups are in the tech and digital space, they can also be found in other areas like biotechnology, fintech, or renewable energy. Uttar Pradesh, Maharashtra and Gujarat has higher number of recognised startups. Maharashtra, Delhi, Karnataka, and Gujarat has created higher number of direct jobs through recognised startups Higher amount of loans guaranteed to startups is in Kerala, Haryana, Tamil Nadu, and Karnataka. The future for startups seems bright. The growing digital population, interest from investors, government support, and a wide pool of talented people, all of which make a great environment for innovation. However, startups in India also face challenges, such as lack of fund, dealing with complicated and changing rules, shortage of skilled workers, and poor infrastructure like unreliable power and internet. They also struggle with a difficult and sometimes confusing set of regulations, including tax laws and new rules on protecting data. Unable to protect their ideas and inventions can be a serious problem for these businesses. Therefore, there should be more initiative from the government department for mitigating such challenges and growth of the startup friendly environment in the nation.
DOI: 10.47413/egbb0q92
Author: Sukanta Sarkar
Institution: Gambella University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4415084460