GOVERNANCE FOR START-UP GROWTH: OPPORTUNITIES AND CHALLENGES IN THE INDIAN ECOSYSTEM WITH A FOCUS ON GOVERNMENT INITIATIVES    

Authors : Dr. Amita Arora, Arbaaz Khan, Punit Rao, Rakesh Kumar Gautam

Publishing Date : 2023

DOI : https://doi.org/10.52458/9788196830052.2023.eb.grf.ch-08

ISBN : 978-81-968300-0-7

Pages : 74

Chapter id : GU/GRF/EB/GIEDI/2023/Ch-08

Abstract : The Indian economy is transitioning from one of development to one of rapid development. India's new driving force behind its progress is its startups. In terms of area, it is the seventh most populous country. India has a huge potential market and a high need for jobs due to its large population. India is making significant progress in the current ten years towards policies that support startups and create an atmosphere that is conducive to business. To this extent, the Indian government has taken the lead in encouraging bank financing for startups and providing rewards for entrepreneurship and employment development. As a result, the Narendra Modi-led Indian government has chosen to give a present as part of the "Startup India" national campaign. "Startup India is an innovative programme designed to assist those who aspire to launch their own businesses. The government will assist those individuals because they are capable and have ideas, helping them to develop and implement their ideas. If this strategy is successful, India's economy will eventually improve, and the country would become stronger. Startup India is all about questioning norms and igniting a revolution in distinctive and compelling business models created by entrepreneurs. It is the first step towards India assuming a central role in the new global order. This book chapter throws a light on opportunities and challenges in India for startups along with govt initiatives. The number of startups in the nation has significantly increased after the 2016 policy.

Keywords : Startups, Entrepreneurship, Innovation, Government, Employment, Economy.

Cite :

References :

1. Bansal, D. (2023). Transformation Of Indian Economy Through Startups. The Online Journal of Distance Education and e-Learning, 11(2).
2. Bindal M, Gupta B, Dubey S. Role of startups on Indian economy. International Journal of Engineering and Management Research (IJEMR). 2018;8(5):142-5
3. Chahal, R. S., & Chahal, A. A study of the impact of the startups India scheme on the Indian economy.
4. Chaudhari, M. Indian Startups-challenges, and opportunities. 2021. Pp. 3, 8.
5. Chaudhari, M. Indian Startups-challenges, and opportunities. 2021. Pp. 3, 8
6. Eliganur, B., & Ravi, B. A DESCRIPTIVE STUDY ON GOVERNMENT SCHEMES FOR STARTUP INITIATIVES IN INDIA.
7. Habeebuddin, M., & Sakriya, D. (2017). Start-ups in India–Issues and Challenges. Emperor International Journal of Finance and Management Research, Mayas Publication, 317-322
8. Kumar, S., Kumar, V., & Singh, A. (2023). Understanding The Dynamics and Challenges of Msmes in India (1st ed., pp. 109-115). Noble Science Press. https://doi.org/10.52458/9789388996969.nsp2023.eb.ch-13
9. Leelavathi, C. Opportunities & Challenges Of Startups In India. Worldwide International Inter Disciplinary Research, 142.
10. Maddisetty, R. The role of startups in Indian economy.
11. Ministry of Commerce and Industry (DPIIT) notification; c2019.
12. Shah, C. F., & Jokhi, C. D. M. E. (2023). A Study on Effect Of Government Policies On Startup.