Seybold Report ISSN: 1533-9211
Dr. Rajanikant Verma Associate Professor, Commerce Department, Zakir Husain Delhi College (Evening), (University of Delhi), Jawahar Lal Nehru Marg, New Delhi, Pin-1100002, E Mail: verma.rajanikant@gmail.com
Dr. Manisha Verma Associate Professor, Commerce Department, Hansraj College, (University of Delhi), Mahatma Hansraj Marg, Delhi, Pin-1100007, E-Mail: manisha.verma.hrc@gmail.com
Vol 17, No 10 ( 2022 ) | DOI: 10.5281/zenodo.7197230 | Licensing: CC 4.0 | Pg no:1816-1828 | Published on: 14-10-2022
Abstract
The Startup India program was established by the Indian government to inspire young people in India who, despite having the skills and ability to start their own businesses, are reliant on various forms of employment and thus unemployed. Startup India aims to limit the influence of states in policymaking by promoting local initiatives. The Indian government is beginning to see the benefits of collaborating with disruptive entrepreneurs at every stage of the value chain in order to better offer public services. In 2019, there were 1,300 new tech firms founded, which means that there are at least two new tech startups being founded every day. India has emerged as 3rd largest ecosystem for startup globally with over 77000 DPIT-recognised startups across 65 districts of the country as of August 2022.
The objective of this research is to analyze the Startup India initiatives and recent growth and to study the top ten start up in India. The secondary data for this study were gathered from the various websites, articles, journals etc. and few reports of startups were analyzed, which were collected from the firms itself.
The process of startup, Startup India Hub Aid in The Growth of Small Business Owners, The Startup Ecosystem's Motivators, Obstacles and Barriers in Startup and India's Top 10 Startups have been covered in this paper. The study concludes that There are many more startups in India that are doing extremely well in their respective fields, and this list could go on and on. Just to mention a few well-known brands: Flipkart, BigBasket, Ola Cabs, InMobi, FirstCry, CureFit. It's because of these factors that these firms are gaining traction: new clients, a new worldwide presence for India, and a heightened focus on education.
Keywords:
Startup India, Government, Entrepreneurs, Initiatives, Growth, Small Business