A Policy Direction From Review of Literature for Determinants and Problems of the Start-Up Ecosystem in India

Abstract

This chapter analyzed the determinants and problems of the start-up ecosystem in India as per the existing literature. The number of start-ups increased at an unprecedented rate in India after 2016. India has the 3rd highest number of startups in the world. However, the success rate of start-ups is very low in India. The start-up ecosystem depends on education level, human skills, business experience, family background, and market potential. India needs to adopt the triple helix model to increase the sustainability of the startups. Technological change, financial constraints, low infrastructure, registration of new startup, low transfer of technology and commercialization, low venture capital, and global policies are creating obstacles to increase the progress of the startup ecosystem in India. The research institutions should set up TBIs and business development cells to attract the attention of entrepreneurs and investors in the start-up ecosystem of India.