Startups Can Be the Game Changer for Indian Economy (Only Abstract)

Abstract

India is among the world's fastest growing economy. The only way to maintain growth is constant innovation for growth. Innovation will give faster results in growth and will flourish entrepreneurship. Indian Government is taking various steps to build favorable environment for startups which can boost entrepreneurship, innovation and job creation for economy in future. Startups have potential to give faster results and will boost innovation. In the year 2014 in various startups India witnessed the largest infusion of capital through venture capital funds. India's e-commerce startups are a leading example of growth with innovation. It is anticipated that it will grow by more than 50% in next five years. The startups create an environment for youth to enter in the field of entrepreneurship and become job creators and not job seeker. At the same time there are challenges and disruption in startups. The figures of shutting down of startups are also high. This study is undertaken with the objective to discover both the aspects of startups. These startups can be disruptive if not handled properly or it may prove an engine of growth becoming the game changer for Indian economy.