A Study on Opportunities and Challenges of Start-Ups in India

India has the highest population in the world. Recent surveys indicate that it is the 5th largest economy globally. To achieve economic growth, the country must export more than it imports. To increase exports, the nation must boost domestic production. This means that the production of goods and services should primarily come from within the country. To build a strong economy, focusing on new business ventures or start-ups is crucial. These innovative enterprises are engaged in producing and selling goods and services. As the most populous country, India offers a vast market opportunity for these start-ups. Many innovative young people are choosing entrepreneurship over working for multinational companies and start-up ventures, rather than in government organizations. The main aim of this paper is to discuss the opportunities and challenges faced by start-ups in India and to provide some findings and suggestions regarding these start-ups.

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Publication Details

Journal
International Research Journal on Advanced Engineering and Management (IRJAEM)
Published
2024-08-29
DOI
https://doi.org/10.47392/irjaem.2024.0403
Citations
1
Primary Topic
Innovation and Socioeconomic Development
Type
article
Field-Weighted Citation Impact
0.68
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article

A Study on Opportunities and Challenges of Start-Ups in India

Raghavendra Talavar, Sanjeev Ajatrao
1 citations
International Research Journal on Advanced Engineering and Management (IRJAEM)
Innovation and Socioeconomic Development
0.68
article

A Study on Opportunities and Challenges of Start-Ups in India

Raghavendra Talavar, Sanjeev Ajatrao
article en
1 citations

Abstract

India has the highest population in the world. Recent surveys indicate that it is the 5th largest economy globally. To achieve economic growth, the country must export more than it imports. To increase exports, the nation must boost domestic production. This means that the production of goods and services should primarily come from within the country. To build a strong economy, focusing on new business ventures or start-ups is crucial. These innovative enterprises are engaged in producing and selling goods and services. As the most populous country, India offers a vast market opportunity for these start-ups. Many innovative young people are choosing entrepreneurship over working for multinational companies and start-up ventures, rather than in government organizations. The main aim of this paper is to discuss the opportunities and challenges faced by start-ups in India and to provide some findings and suggestions regarding these start-ups.

International Research Journal on Advanced Engineering and Management (IRJAEM)Vol. 2(08)
Rani Channamma University, Belagavi (IN)
Decent work and economic growth
Openalex Percentile: Top 27%
Innovation and Socioeconomic Development
0.68
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