Startup India is considered a successful and impactful initiative by the Indian government to promote entrepreneurship. It encourages innovation and economic growth and significantly impacts employment creation. This paper provides the growth trajectory of recognized startups, highlighting key milestones in developing India's startup ecosystem using time series trend analysis and moving average methods. The study also includes a detailed exploration of women-led startups, major startup sectors, and the initiative's contribution to employment creation. Graphical representations showcase trends in female entrepreneurship and sectoral focus, offering insights into the diverse fields influenced by Startup India. Our findings reveal a strong upward trend in the number of startups driven by supportive policies, increased access to funding, and a favorable regulatory environment. The insights provided can guide policymakers and stakeholders in refining strategies to enhance India’s position as a global startup hub.

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A Progressive Direction for Startup India: Milestones and Trends from 2016 to 2023

  • Bhabani S. Mohanty,
  • Zakir Hossen Shaikh,
  • Alok Ranjan Behera,
  • Mohammed Imran,
  • Sabina Begum

摘要

Startup India is considered a successful and impactful initiative by the Indian government to promote entrepreneurship. It encourages innovation and economic growth and significantly impacts employment creation. This paper provides the growth trajectory of recognized startups, highlighting key milestones in developing India's startup ecosystem using time series trend analysis and moving average methods. The study also includes a detailed exploration of women-led startups, major startup sectors, and the initiative's contribution to employment creation. Graphical representations showcase trends in female entrepreneurship and sectoral focus, offering insights into the diverse fields influenced by Startup India. Our findings reveal a strong upward trend in the number of startups driven by supportive policies, increased access to funding, and a favorable regulatory environment. The insights provided can guide policymakers and stakeholders in refining strategies to enhance India’s position as a global startup hub.