Startups in India: Present Scenario and the way forward for Sustainable Development

Main Article Content

Shekhar Srivastava, Mohammed Sadaf Ahmed

Abstract

The term startup has become synonym to growth, entrepreneurial traits, vision and futuristic approach. India stands on the greatest resources but the only challenge is about creating a mindset and incubation for such startups. Various initiatives have been taken by the government from time to time for startup development in the country. Entrepreneurship has attracted the attention of policymakers in India. A series of high-level initiatives, including Startup India, have been launched to promote private sector development. The growing investor confidence in Indian Startups is overwhelming and is seen gaining momentum across varied phases of growth in a startup journey. Recent years witnessed a significant change in India’s entrepreneurial landscape from the founding of new Startups to global investor interest, to the advances made in infrastructure and policies. The main purpose of this paper is to analyse the present scenario of Startups in India in recent years, to examine opportunities and challenges with reference to startups in India, to critically evaluate the role of the government for development of startups and finally to suggest ways to make startup environment more sustainable in India.

Article Details

How to Cite
Shekhar Srivastava, Mohammed Sadaf Ahmed. (2024). Startups in India: Present Scenario and the way forward for Sustainable Development. European Economic Letters (EEL), 14(4), 1865–1870. https://doi.org/10.52783/eel.v14i4.2320
Section
Articles