A study on the world’s fastest-growing startup ecosystem: India

Abstract

In past years, the Indian startup ecosystem has performed well and started taking steps towards its own derived factors such as mass funding, training activities, and evolving technology. This has also resulted in the upbringing of a number of homegrown unicorns in India. As per one of the research in 2014 the number of startups under projection was 3,100 and it is been said according to Niti Ayog that this number is going to Touch 15,000 plus which will be working as a registered organization and there will be an lakhs of startups which will be in an acceleration stage. This is going to bring a revolution in India. This will also change the working style of the market. Making in the growth of successful number of Indian startups has become a point of interest. Our Prime Minister Narendra modi came up with a program called Startup India Standup India. Indian startup is the one which is Contributing 15-20 percent of global GDP. This happens only when the number of startups grows in mass. To create awareness and to build an entrepreneurial environment there are many mentoring organizations have been started. This study concludes that starting a startup in India is easier and has the maximum chance of success and startups can contribute more to GDP of India.