The role of startups in driving technological advancement in the Indian economy

Authors

  • Dr. Dheeraj Kumar HOD, Faculty of Commerce, Shri Ram Murti Gupta PG College, Chhara, Aligarh, Uttar Pradesh, India
  • Dr. Arvind Kumar Yadav HOD, Faculty of Commerce, K. M. G. G. P. G. College, Badalpur, Gautam Budh Nagar, Uttar Pradesh, India

Abstract

Startups have become an important driving force for technological innovation and economic growth in India, particularly in recent times. This paper aims to explore the significant role that startups play in advancing technology within the Indian economy. It examines the various ways in which startups contribute to innovation, job creation, economic development, and societal progress. The paper also discusses the challenges that startups face in India and proposes strategies to foster their growth and maximize their impact on technological advancement. By conducting a comprehensive review of literature, case studies, and statistical analysis, this paper provides insights into the dynamic relationship between startups and technological advancement in the Indian context.

References

Agrawal R, Kumar A. Role of startups in Indian economy: An overview. International Journal of Engineering and Advanced Technology. 2020;9(2):341-344.

Bhandari P. Startups and Innovation in India: Emerging Trends and Challenges. IUP Journal of Entrepreneurship Development. 2019;16(4):7-22.

Government of India. (n.d.). Startup India. Retrieved from https://www.startupindia.gov.in/content/sih/en/home.html

Kaul R. Startup ecosystem in India: An analysis of opportunities and challenges. Journal of Global Entrepreneurship Research. 2021;11(1):1-16.

NASSCOM. Indian Tech Startup Ecosystem: Scaling new heights. Retrieved from https://www.nasscom.in/knowledge-center/publications/indian-tech-startup-ecosystem-scaling-new-heights.

Patra SK, Chand A. Technological Innovation and Economic Growth in India: The Role of Startups. International Journal of Technology Transfer and Commercialization. 2018;16(3):268-282.

Startup Genome. Global Startup Ecosystem Report, 2021. Retrieved from https://startupgenome.com/report/gser2021.

The Economic Times. India's startup story is just beginning, 2022, January 21. Retrieved from https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/indias-startup-story-is-jusbeginning/articleshow/891 82098.cms

World Bank. Doing Business 2021: Making a Difference for Entrepreneurs, 2021. Retrieved from https://www.doingbusiness.org/en/reports/global-reports/doing-business-2021.

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Published

2023-03-30

How to Cite

[1]
D. D. Kumar and D. A. K. Yadav, “The role of startups in driving technological advancement in the Indian economy”, J. Soc. Rev. Dev., vol. 3, no. Special 1, pp. 15–19, Mar. 2023.

Issue

Vol. 3 No. Special 1: Global Partnership: India's Collaboration Initiatives for Economic and Social Growth

Section

Articles

License

Copyright (c) 2023 Dr. Dheeraj Kumar, Dr. Arvind Kumar Yadav

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.