MBA Journals Peer-reviewed management research from Consortium e-Learning Network

NOLEGEIN Journal of Entrepreneurship Planning, Development and Management

An Overview of the Development of the Indian Startup Ecosystem for Training Young Entrepreneurs

  1. Avani A. Patel
  2. Kinchit P. Shah

Abstract

India is a developing South Asian country. It is the most populous and seventh-largest country by area. A huge population indicates a vast potential market in India, which puts further pressure on employment in the country. In addition, India has a rapidly growing youth population. Young people are constantly coming up with new and innovative ideas, and those ideas must be transformed into job creation. In the current decade, India is making a significant change toward startup-friendly legislation and a business-friendly atmosphere. India is a populous country with expanding demand, creating a competitive atmosphere that forces the development of innovative systems. One of these systems is the startup ecosystem. This study aims to discuss the growth and possibilities of startup ecosystems. India's competitive market environment has increased demand for creative business models and solutions, giving startups the chance to tackle urgent social and financial issues. The startup ecosystem has thus become a key force behind employment creation, technical advancement, and economic growth. Examining the startup ecosystem's growth trajectory, its potential for transformative influence, and the opportunities and constraints it faces in influencing the nation's social and economic development are the objectives of this study. By exploring these facets, the study aims to shed light on how India's entrepreneurial environment may develop further and support its standing as a major economic force in the world.
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