Explain how start -up policy contributes to the entrepreneurship development of India ? In detail
Answers
Explanation:
Start up policy is basically there for people to encourage , provide and make them aware about technical ,economic and fundamental aspects of a start up.
how it helps?
1 . STARTING BUSINESSES -The toughest things for startups is to start a theoretical plan in reality. So start up policy helps in initiating various types of business, ideas in a competetive business environment.
2. EASING ROADBLOCKS FOR AN ECONOMIC ACTIVITY - While a startup begins to gain pace in market , a start up policy gives relief to it in taxes and laws so that it can smoothly survive and thrive. Thus providing a sustainable business prospect.
3. JOB OPPURTUNITIES - there is a addition of jobs in market with every start up. So people get more income and more money to spend , therefore directly or indirectly helping the economy.
4. GENERATION OF PRODUCTS AND SERVICES - A startup basically these things to do business.A policy helps it to do so. What it does is generates services and products increasing quality of life, exports and efficiency of a working base . Generating and growing money out of it. This means a plus plus for the economy in terms of GDP as well as human development.
5 STARTS A BUSINESS CULTURE - when many startups keep up with the corporate world then a business culture develops and more and more people and organisation start to do businesses. In a way exponential growth in the economy starts to happen.