A Study on the Challenges and Opportunities of Startups Toward Building a Self-reliant Nation

Megha Sharma; Shubhi Mishra; Sunita Malhotra; Shalini Nigam

doi:10.36948/ijfmr.2023.v05i04.4968

A Study on the Challenges and Opportunities of Startups Toward Building a Self-reliant Nation

Author(s)	Megha Sharma, Shubhi Mishra, Sunita Malhotra, Shalini Nigam
Country	India
Abstract	In India, the gist of the moment for the past few years has been startups. On the Independence Day address from the Red Fort on August 15, 2015, Prime Minister Narendra Modi spoke of "a new India that taps on the entrepreneurial potential of its people. An initiative has been started to outline a strategy for creating a robust ecosystem for fostering innovation and start-ups in the nation. India uses innovation and entrepreneurship to fuel its development. The action plan has been effective in making India the third-largest ecosystem in the last six years., and the government has tried to maintain this momentum by taking additional steps to support start-ups in the Union Budget 2023. The Government wants startups to be the foundation of New India. The government has repeatedly favored startups and encouraged more indigenous innovation ideas, and taken a step closer to the motto "Atmanirbhar Bharat.” It has developed into the starting point for all aspiring entrepreneurs and inventors across the country today. Start-ups have benefited from it in a variety of ways, including by receiving funding, tax breaks, support for intellectual property rights, streamlined public procurement, facilitation of regulatory reforms, and access to foreign festivals and events. The paper focuses on the idea of startups, startup financing issues, marketing issues, the potential for development, identifying obstructions, and offering solutions where startups can flourish. The purpose of this paper is to put some light on the challenges and enablers of startups. The study is based on secondary data.
Keywords	Startup; Atmanirbhar Bharat, Innovation
Field	Business Administration
Published In	Volume 5, Issue 4, July-August 2023
Published On	2023-08-03
Cite This	A Study on the Challenges and Opportunities of Startups Toward Building a Self-reliant Nation - Megha Sharma, Shubhi Mishra, Sunita Malhotra, Shalini Nigam - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.4968
DOI	https://doi.org/10.36948/ijfmr.2023.v05i04.4968
Short DOI	https://doi.org/

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A Study on the Challenges and Opportunities of Startups Toward Building a Self-reliant Nation

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