Current Volume 8
A Study on Indian Startup Ecosystem, Understanding Public Perception and Government Schemes
Abstract
India, the world's second-largest startup ecosystem, has consumed over US$ 70 billion in the last half-decade (Inc42, 2020). In 2025, overall funding for start-ups is estimated to exceed $150 billion, with a total value exceeding $500 billion (Inc42, 2020). The ecosystem began with a few dozen companies and has expanded to thousands, cementing India's status as a prominent player in the global startup ecosystem. Over the past ten years, the Indian startup ecosystem has experienced phenomenal growth. In 2020, 55,000 companies are anticipated to be supported by the ecosystem, up from just 29,000 in 2014 (Inc42, 2020). Venture capital increased eight times between 2014 and 2019 (Inc42, 2020), demonstrating the ecosystem's sustained and ongoing investment. Even during Covid19, when startup deals approached the historic peak of 2017, investor fervour persisted (Inc42, 2020). It has significance because it affects how entrepreneurs think, the environment for investing, and societal support for companies. Public opinion of startups in India is influenced by cultural attitudes towards entrepreneurship, media influence, the perception of risk and failure, and the emphasis on social impact and sustainability. This study illuminates the opportunities and difficulties within the Indian startup ecosystem by evaluating the interaction between government policy and public perception. Policymakers, business owners, and other stakeholders will benefit from the research’s insightful advice on how to improve regulations, close perception gaps, and promote India's startup ecosystem. This abstract focuses on how public perception and governmental policy interact to shape this ecosystem. Government programs and policies have been crucial in stimulating innovation, providing support systems, and creating an environment that is conducive to entrepreneurs flourishing. The growth of startups in India has been greatly aided by the Startup India initiative, tax reforms and incentives, business-friendly policies, and the protection of intellectual property rights.
Keywords
Startups, Public Perception, Entrepreneurship, Government
Citations
IRE Journals:
Nirali Tiwari , Dr. Payal Dubey
"A Study on Indian Startup Ecosystem, Understanding Public Perception and Government Schemes" Iconic Research And Engineering Journals Volume 6 Issue 12 2023 Page 1048-1053
IEEE:
Nirali Tiwari , Dr. Payal Dubey
"A Study on Indian Startup Ecosystem, Understanding Public Perception and Government Schemes" Iconic Research And Engineering Journals, 6(12)
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IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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