The Indian startup ecosystem is riding the growth pace. Recent report reveals that they have created more than 15 lakh jobs in the country. It is clear that they are the power of entrepreneurship and innovation. Their achievement reflects success of startup landscape in India.
Startups are small and growing. However, their presence is dynamic. They are hubs of innovation and bring fresh ideas as well as unique solutions to the market. The companies start small but with a big vision. They create a plethora of job opportunities as they gradually grow and expand. Offering more than 15 lakh jobs is an impressive figure. This means that they are playing an important role in addressing employment needs.
One primary reason for their success is that they enjoy a supportive environment in the country. The Indian government has come up with several programs and initiatives for them. The startups enjoy required framework and resources for their survival and growth as well. Some of the supports are tax benefits, ease of doing business and access to funding. Simultaneously, many individuals are being encouraged to become an employer instead of employee by starting their own company.
Startups usually offer more dynamic and flexible work environments to the employees. They often embrace new technologies and innovative business models. They appeal more to the younger workforce compared to traditional companies.
Hence, the startups help in creating jobs and also in retaining talent. They provide exciting career to the Indian youths and simultaneously help to keep the skills within the country.
Apart from all these, the startups are operating in diverse range of industries such as technology, healthcare, agriculture and education. This means that the job creation is widespread.
