The Impact of Startups on Economic Growth in India: An Assessment of Trends and Challenges

Abstract

The ecosystem for startups to launch in India has emerged as a significant factor in the country’s overall economic expansion. Startups have become critical in promoting innovation and widespread acceptance of new technologies, and they have been particularly effective in creating new jobs for the young. Because to their efforts, India is now recognized as a center for innovation and entrepreneurship around the world. This research paper examines the impact of startups on India’s economic growth. It highlights the positive contributions of startups in terms of job creation and innovation across various industries. The paper also identifies key challenges, such as regulatory barriers and access to funding, and evaluates government policies supporting startups. The findings emphasize the importance of startups in driving India’s economic development and the need to address the challenges they face. This study highlights startups’importance to India's growth. Businesses must solve their issues to sustain their growth and innovation for the nation. This study advises academics, politicians, and entrepreneurs on how to maximize startups’economic impact in India.