The Role of Startups and Unicorns in India’s Economic Growth
DOI:
https://doi.org/10.59890/ijetr.v2i4.138Keywords:
Startup, Unicorn, Innovation,Economic Growth, Entrepreneurship.Abstract
India's ecosystem, which includes 111 unicorns and over 90,000 businesses, has served as a catalyst for innovation, growth, and job creation. While unicorns like Flipkart and BYJU's draw in foreign investment and boost global competitiveness, unicorns in the fintech, edtech, healthtech, and e-commerce sectors have all upended industries. Government programs like Startup India and Digital India offer financial support, tax breaks, and an atmosphere that is welcoming to business owners.
The ecosystem has prospered thanks to technology advancements, venture capital inflows, and digital transformation, despite financial shortages and regulatory obstacles. Indian entrepreneurs are also well-positioned to address societal issues and pursue sustainable development thanks to regional expansion and advancements in AI, blockchain, and IoT. Startups in India are setting the standard for innovation and entrepreneurship on a global scale.
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