Paper Title :Start Ups – A Road Map for Entrepreneurship Amidst Challenges
Author :Ameya Amonkar
Article Citation :Ameya Amonkar ,
(2018 ) " Start Ups – A Road Map for Entrepreneurship Amidst Challenges " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 70-75,
Volume-4,Issue-5
Abstract : Since 1950s, the Indian economy has been striving and has been achieving her success in terms of a reasonable
robust economic growth and development. But along with this there has also been rise in the population; which has been
adding to the total supply of labour in the economy. This excess supply of labour has widened the gap between the have and
have nots, thereby depriving a class of the population the fruits of the economic growth. The spillovers of this has been in
terms of brain drain, unemployment, inefficient use of the existing human capital and other socio-economic problems which
has incurred huge economic costs for the country. The 1990s economic crisis further worsened this problem, which
compelled the government to follow the norms of IMF under its SAP, which later on took the shape of the so called
economic reforms initiated by the government on 1991. The country got a new brand image across the globe as an emerging
superpower especially because of the service sector, initiated by the growth of ITeS and the software industry of India. This
was further supplemented by the, “Start-up India, Stand up India” on 15th August 2015 to promote Bank
Financing for start-ups and offer incentives to boast entrepreneurship and job creation. All these measures were initiated
towards creating an efficient, dynamic and innovative class of entrepreneurs. The paper has explored the different
dimensions of start-ups at the micro level, its implications on the economy,the prospects and challenges of the start-ups in
India at the national and the global level.
Keywords - Start-ups, ITeS, Entrepreneurship, Technology and Innovation.
Type : Research paper
Published : Volume-4,Issue-5
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-12373
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Published on 2018-07-31 |
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