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Government Support Driving Startup Growth [Insights from Assam]

Dr. Aruna Dev Rroy & Darshana Devi

Entrepreneurship is essential to the expansion and advancement of a nation's economy in the highly competitive world of today. A country's industrialization resulted from the inventiveness and creative ideas of its entrepreneurs. India would support the expansion of economic growth and entrepreneurship. Developing the startup ecosystem in India and helping the country shift from a job-seeking to a job-creating nation are priorities for the government. The startup ecosystem's main objective is to support emerging concepts, inventions, research, and discoveries in addition to forming a team. According to projections, it will create a robust framework that can support the growth of start-up businesses and contribute to the promotion of sustainable development and significant job opportunities. “Startup India” is the main program of the Indian government with the goal of actively assisting business owners and entrepreneurs. Establishing a robust ecosystem in India that fosters and supports innovation and entrepreneurs is the program's main goal in order to provide a large number of job opportunities and support the nation's steady economic progress. The Indian government then started the “Aatmanirbhar Bharat mission” and the "Made in India" campaign in an effort to establish India as a major hub for international trade in design and manufacture. Moreover, technological developments is widely acknowledged after the introduction of “Digital India” plan. The aim of this study is to bring to light the role of government policies and schemes for developing the startup culture.


DOI:

Article DOI: 10.62823/IJARCMSS/8.3(I).7766

DOI URL: https://doi.org/10.62823/IJARCMSS/8.3(I).7766


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