Paper Contents
Abstract
Startups play a critical role in fostering innovation, economic growth, and job creation. India, the world's third-largest startup ecosystem, has experienced remarkable growth driven by governmental initiatives like "Startup India," launched in 2015. This study provides a comprehensive analysis of the Indian startup ecosystem, focusing on its drivers, challenges, and growth potential, with an emphasis on technology-driven startups.The research highlights key enablers such as technological advancements, government support, open innovation models, and shifting societal perceptions of entrepreneurship. However, persistent challenges, including financial constraints, inadequate marketing strategies, limited innovation, and insufficient support networks, hinder the growth of startups.The findings reveal a geographically uneven distribution of startups, with a concentration in states like Karnataka and Maharashtra, and sectoral dominance in enterprise technology, health tech, fintech, and ed-tech. Despite these challenges, Indian startups demonstrate significant contributions to job creation and economic development.This study underscores the need for strategic interventions to address funding gaps, foster innovation, and enhance regulatory frameworks. By doing so, the Indian startup ecosystem can realize its potential as a global leader in entrepreneurship and innovation.
Copyright
Copyright © 2024 Akansha Dhyani. This is an open access article distributed under the Creative Commons Attribution License.
