Role of start-ups in poverty alleviation and entrepreneurial environment in India

Poverty continues to be an albatross with which India has been constantly grappling. Poverty alleviation is important as this developing economy is a huge market and it has a cascading impact on economies across the world. Start-ups have the potential to create jobs which in turn can help in the upliftment of the rural poor by increasing their income resources. The objective of this paper is to show the impact of innovation, digital technology, and funding of start-ups on poverty eradication. Data has been analysed through statistical and econometric tools. Causal relationships of entrepreneurial activity with respect to different variables have been factored in. Results showcase that the role of start-ups, digital absorption, and global innovation index has a significant relationship with entrepreneurial activity. It is of interest to policy makers as it identifies the factors which have a prominent role for poverty eradication in the form of an increase in entrepreneurial activity and subsequent strategy formulation.