India is one of the top five countries in the world in terms of the number of startups founded. India has made extreme growth towards the creation of new and interesting startups and has come out as the 3rd fastest growing hub for technology startups in the world.
Introduction of attempts to begin something new like GST and Make In India have given speed and power to the startup process of people making, selling, and buying things. Indian Start-ups are moving on the upper line and are expected to increase in size and number in the coming year. It is measured that India houses around 4,200 start-ups, creating more than 85,000 employment opportunities. With over $5 billion worth of investment in 2015 and three to four startups newly appearing every day, it is projected that the number of startups in India will increase to more than 11,500 by 2020, with job creation from these small business starters reaching 250-300k. The number of people or businesses who give money to help start businesses has also risen multi-fold in the past few years.
Indian startups have gone through many developments in the second quarter of 2017. From being selected in Google’s device that speeds something up the program, to raising money from the Chinese people or businesses who give money to help start businesses, the startup community has been quite encouraging. Google selected six Indian startups for the device that speeds something up the program in July 2017. Startups using latest technologies such as machine learning and not made by nature intelligence have been chosen for the same.
even though there is the existence of such promising statistics, only 9% of the Start-Ups have female founders who start companies. Delhi NCR, Bangalore, and Mumbai, along with Hyderabad, Pune and Chennai account for more than 90% of the Start-Ups in India. The focus is mostly limited to information technology-enabled products and services including buying things online, aggregators, information-giving numbers, health-tech and online payments. Among all this, the product start-up part has been mostly ignored. A big factor behind India’s growth is software-enabled firms such as Flipkart and Ola. Rarely do hardware product companies bring about such success. The reason for this can be attributed to the lack of money. India’s community does not have any having very little of something important in terms of capital. However, only a very small amount of this capital reaches these startups. Also, startups in India spend five times the amount of effort to raise money as compared to US startups.
This is where the Government action that helps a bad situation is needed. Through the provision of alternative sources of money to and through a partnership between the Industry and the world of college, the government can help and speed up the growth rate. Alternate money owed financing tools or objects used to do work or measure something will help Start-Ups and other small businesses to overcome the problem of lack of good enough something of value that you’ll lose if you don’t pay back a loan, limited cash-flow and the high risk involved. While direct support of start-ups and the right kinds of skills to start & run a business are important, the ease of doing business in the country also matters a great deal. This includes ease of starting a business, getting connected or related permits, using credit, paying taxes, etc. The Labour laws in India are out-dated also. So, appropriate government policies are needed to make the Indian Start-Up Community reach their true possible greatness or power.
However, the Government and international organizations are investing in new and interesting ideas. The money-based and basic equipment needed for a business or society to operate support is fast. Start-ups are also making good use of the facilities available and are showing a sign of good times. This can certainly not be dismissed as a passing popular thing and it’s surely going to change the way the markets are working today in India. Government attempts to begin something new are also expected to play a very important role in the startup community’s bright future. For instance, the buying and selling of goods and industry department of the Indian Government are planning to organize a south Asia areas’ meet of startups for exchanging new ideas and increasing interaction among them, by that showing confidence in startups.
So, the picture in the last quarter hints that the people or businesses who give money to help start businesses’ interest towards money to India startups remain strong. Next quarter is likely to be more attractive because of the money-based good changes and their putting into use. Startups are now focusing on cutting losses, increase their overall figuring out the amount of money something is worth and reach operational excellence. These qualities along with the positive feelings of the people or businesses who give money to help start businesses and support from the government can make the startup community of India reach new heights shortly.