Redefining Emerging Start-ups’ Issues in India During Pandemic Time

Abstract

As a start-up, as India’s economy grows, so will the contribution of private equity and venture capital to the overall economy. It is also a fair acknowledgment of the unique requirements that these kinds of businesses need in order to maintain their business operations, which require innovation and size. Furthermore, adding that some of the outstanding start-up countries like India are adopting technology to transform areas such as healthcare and wellness, education, agriculture and allied sectors, clean energy, security, financial inclusion and exclusion and water management. The spirit of start-ups boosts the next generation of economies and serves as a one-stop solution to the fortunes of people in rural India and the thieving economy. The Start-up and Stand-up missions can help the youth in upgrading their skills to become entrepreneurs. With gig work gaining ground, deserving candidates can get lucrative offers for their services. The article addresses the issues and problems that start-ups in India confront. The startup eco system is closely watching the Indian business climate and critically assessing how much help is required from the Indian government with their new Digital India initiatives.

Does technology make start-ups resilient amidst COVID-19? A qualitative enquiry

“…in Europe, start-ups are faced with unemployment, decreased hiring and reduced salaries (Kalogiannidis and Chatzitheodoridis, 2021). In India, almost 78% of micro-small and medium-sized enterprises and start-ups have reduced their staff (Mahapatra and Baral, 2021).…”

“…“While some large firms in India have been quick to embrace the digital world, the bulk of small and medium businesses (SMEs) in the manufacturing sector have yet to adopt such technology” (Mahapatra and Baral, 2021, p. 115). Therefore, the usefulness of digitalization technologies is largely contingent on the start-up’s ability to use them through making their employees capable enough to harness the associated benefits through appropriate training.…”