INDIAN ENTREPRENEURSHIP AND THE STARTUP SCENE: A GENERAL REVIEW

Abstract

In India, the startup scene and entrepreneurship have experienced tremendous change, becoming vital forces behind innovation and economic expansion. This study offers a thorough analysis of the state of Indian entrepreneurship, looking at trends, development, and the main drivers of the industry's expansion. This study explores how economic reforms and government measures, like the Startup India initiative, might create a favorable atmosphere for businesses. It also emphasizes how technical innovation is becoming more and more important, especially in industries like finance, e-commerce, and edtech, as a key factor in the success of Indian startups. The analysis includes a discussion on the challenges faced by Indian entrepreneurs, including regulatory hurdles, funding constraints, and market access issues. Additionally, the paper explores the socio-cultural factors that shape entrepreneurship in India, such as the growing acceptance of entrepreneurial risk and the increasing involvement of women and young entrepreneurs. Through a review of literature and case studies, this paper aims to provide insights into the dynamics of the startup ecosystem in India, identifying both opportunities and obstacles for sustained growth. The findings underscore the importance of fostering an inclusive and sustainable entrepreneurial environment that can support India’s aspiration to become a global hub for innovation and startups. In conclusion, the paper calls for a more nuanced understanding of the interplay between policy, technology, and socio-cultural factors in shaping the future of Indian entrepreneurship, emphasizing the need for continuous adaptation and support to sustain the momentum in this dynamic sector.