THE GROWTH TRAJECTORY OF STARTUPS IN LEADING INDIAN STATES

Startups are the engines of economic growth around the world.These are also evolving in developing nations and generating income and employment for the masses.Startups are revolutionizing all the sectors of these economies.The government of India launched the Startup India Scheme in 2016 to promote startups in the economy.The number of startups is continuously increasing in all states after the launch of the Startup India Scheme.The main aim of this paper is to elaborate the number of startups according to the different growth stages in the top six startup development states of India.The study is based on the secondary data sources.After analysing the secondary data, it has been found that the majority of the startups are working in the ideation and validation stages of business development in India.But the study revealed that the spread of startups is regionally biased in India.The top six states only embrace about 60% of the total Indian startups.Majority of the grown up startups are present in these states.The study also highlights that the institutional infrastructure and startup support organizations like incubation centers, accelerators, mentors and investors, promoting the growth of startups are also rapidly flourishing in these six states.The study also highlights the challenges faced by the startups in India.