study of government incentives setting up small scale industries at least 10 schemes
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Right now, India is in the midst of a startup boom, whose magnitude and scale has surpassed all previous records. Fuelled by Indian Govt.’s Startup India Standup India action plan which was unveiled in 2016, Indian entrepreneurs are right now being presented with excellent opportunities and platform to aid their growth.
As of March 30th, 2018, there are 8625 ‘officially defined’ startups in India, covering every possible niche such as health, manufacturing, IT, robotics, services, automobiles, food, grocery and more.
This year alone, around $4.2 billion of VC money has been raised for Indian startups, (till October 2018), which is 108% more than last year. And the growth seems unstoppable as of now.
NASSCOM has already declared India as the fastest growing startup ecosystem in the world and the world’s 3rd largest tech startup ecosystem (2017).
If you are a budding entrepreneur, then this is the best time to kickstart your venture and make your dream a reality. In the past few years, Govt. of India has initiated several schemes and programs, whose objective is to help startups and give more push to the ‘culture’ of entrepreneurship among Indians.
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