Challenges of Startup India in Economic Development of India

Abstract Startup India represents a flagship initiative by the Government of India aimed at fostering startups and promoting innovation. This initiative seeks to empower entrepreneurial ventures to enhance entrepreneurship, stimulate economic growth, and create employment opportunities throughout India. The term 'startup' has become increasingly prevalent in today's world, significantly influencing the nation's economy. Individuals with innovative ideas are launching their startups with minimal resources. Once a startup gains societal acceptance, it plays a substantial role in the economic development of the country. Therefore, this study aims to explore the contributions of startups to economic growth. The research's objective is to investigate the various challenges and issues encountered by startups in their early stages, to understand the initiatives implemented by the Government for Startup India, and to analyze the impact of startups on the economic development of a developing nation. The paper addresses several issues and challenges that Indian startups face within the current ecosystem.