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In today’s scenario startup is receiving much attention all over the world. Numerous startups are still on rise and are now widely renowned as employment generating startup which contributes in growth engines for the world. Through improvement, modernization and ascendable technology, startups are spreading across the world and are responsible for the transformation and development of india. Not only entrepreneurs but startup ecosystem consists of shareholders incubators, accelerators, other investors, entities, research institutions etc. As per the report, following are the factors that make Indian startup attractive:
Effective cost of doing the business
Size of marketplace
Relationships with the customers
Large consumer base
The rapid growth in the Indian startup ecosystem has increased to approx. 15% in 2018, while the rise of the number of incubators, accelerators has increased to 11%. Remarkably, in previous years the women entrepreneurs has also increased to a great extent. In 2019, Bangalore has been ranked as the world’s rapidly growing startup city. We are in the era of 2020 and following a new decade, the Indian startup ecosystem has much to look forward to, and there's a perceptible sense of keenness and enthusiasm for the coming years. More significant aspect is the hi-tech enhancement they bring to the country. Startups implicate dealing with new know-how which generally lies at the uppermost end of value addition chain. Enterprises are recognizing the potential under upcoming startups and thus investing and being in partner in them. Startup companies are the most energetic organizations in the market by adopting new modest changes in the market. Indian economy stays vigorous, important and industrious by providing supplementary refinements and affordability to the economic system. This implies that single entrepreneur find it tougher to fall asleep on their achievements. Startup entrepreneurship is vital because it brings inventions, new jobs and economical dynamic forces into the business.
Overview of the Indian Startup Ecosystem
The Prime Minister’s startup india campaign is a great creativity to lift up private enterprise in India. This inventiveness will play a very significant role in further enabling startups and providing a new aspect to private enterprise in the country.
Indian startup ecosystem are controlled by various factors, it could belongs to external or internal. Innumerable exterior dynamics like immense market distractions, financial environment controls the largely arrangement of an ecosystem. Startup ecosystems are dynamic entities which progress from formation stages to periodic disturbances and then to recovering processes.
