International Scientific Journal of Engineering and Management

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ISSN: 2583-6129

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STARTUPS AND THEIR CONTRIBUTION TOWARDS THE GROWTH OF INDIAN ECONOMY

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STARTUPS AND THEIR CONTRIBUTION TOWARDS THE GROWTH OF INDIAN ECONOMY

 

Authors: Akshay Anil Kumar, Lakshana Srinivas, Soham Mathur, Manish Khadav, Sai Venkatesh B Suresh

Co-Authors: Ms. Megha Kukreja and Dr. Priya Makhija

Abstract

With an estimated 26,000 startups, India is the third largest startup ecosystem in the world and has seen consolidated inflows of over $36 billion in the last three years, with 26 "unicorns" - startups valued at over $1 billion. The paper is intended to present an analysis of new theories regarding the startups and their contribution to the growth of the Indian economy and to promote new concepts. For ages, different startups have been a subject of much debate and deliberation and how it’s contribution towards the growth of the Indian economy evoked different responses from followers. This section centers on the main startup, The Hammerlock company with significant styles free enterprise, value-based and ground-breaking ideas, and their relationship to achieve the initiative results (additional work, viability, and fulfilment). We at hammerlock bring tomorrow's technology into your hands by providing you with infrared heat-resistant glassware, made of highly durable materials. Providing customer convenience while delivering a flexible style to the product, this unique container helps determine the temperature of the on-screen, integrated products (or in the app available to both Android and iOS users) while providing incredible durability with aesthetic and style. In recent years, due to factors such as massive funding, consolidation activities, evolving technologies, and a burgeoning domestic market, the Indian startup ecosystem has taken off and become a real success. Figures suggest that the number of startups will increase from 3,100 in 2014 to more than 11,500 in 2020 - this is certainly not a passing trend. It's a revolution. And it'll change the way markets work in India today. The complexity of managing the diversity of thought, process and people in India is well known. Startup Indians' plan is to thrive in an ocean of change in mindset and thinking. It gives momentum to the wings of the unstoppable Indian. The world is struggling to avoid another meltdown.


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