Startup Ecosystem in India: The growth and rise of Startups in the recent scenario

Abstract

The startups in India are blooming recently and now India has become the 3rd largest startup ecosystem just
after the United States and China. The culture of startups has been evolving in India, especially in the last
few years and for that a viable startup ecosystem is of crucial importance. The startup ecosystem can play a
concrete role for a startup to grow and evolve from its infant prototype stage to the final stage of scaling up
and generating revenue. The Indian startup ecosystem have got some key players, each playing their role in
different stages of a startup which are crucial for the growth of startups in future and also to further
strengthen the ecosystem. The Indian startups have the ability to cater and contribute much more to the large
diverse group of people and on the counter part, the startups can create more number of jobs and can also
generate new career opportunities for the young generation in different fields. Indian startups are also
crucial to raise the standard of living and can definitely add value to the economy. Based on the importance
of startups in India, the researcher attempted to study the trend in rise and growth of startups in the current
scenario considering the key factors involved in the startup ecosystem and to further identify the reasons
behind the growth of recent startups in the country. The Indian startup ecosystem is very crucial for the
evolvement of whole Indian economy at this current juncture and there lies the significance of the study to
deeply understand the startup ecosystem of India for its future generation entrepreneurs. Based on the
analysis of the study, it was found out that the startups in India are rising considerably and constant support
has been provided by the government in form of different schemes and initiatives such that it can contribute
much more to the economy in future.