Startup Boom in India

“Startup”, the word defines the initiation in a positive manner. Our corporate world is changing and getting occupied by small and initially-funded businesses known as the startup. So, a big question stuck every young mind: who takes the startup? The answer is as simple as a maze: you. Young minds are the roots of the startup boom in India which doesn’t rely on opportunities by others, instead learn to catch the opportunity.

Young minds i.e., echo boomers of the present time is putting all their efforts an entrepreneur. Basically, entrepreneurs are the person who runs the startup to offer the service creatively looking at the needs of the customers. They are the one who thinks, dream, design, explore, launch and run a business. Startup initiation can be small, but they never follow the strategies developed by others. They create their own mind map to create jobs.

India’s Economy for Startups

If you will look through the stats, nearly 31 million people are jobless in India and this rate is gradually increasing. However, India has also emerged as a startup hub globally. The enthusiast entrepreneurs have made the government help in reduction of regulatory obstacles. The government has also launched the programs to train youth and provide the platform to promote their startups. The rate of growth of startup is mainly because of encouraging Indian economic behavior and skillful ideas generating in Indian youths.

The main startup hubs in India are Bangalore, Mumbai, Delhi, and Noida. Yet, the other parts of India including Hyderabad, Goa, and Kolkata are also expanding depending on the availability of infrastructure, entrepreneurial conditions, potential presence and exposure to talent.

Emerging Trends of Startups in India

In India, 72% of startup initiators are less than 35 years old. And, hence the maze discussed previously is simple. This depicts the scenario of today’s world full of advancement in technology, innovative and energetic. Entrepreneurs are raising their multi-tasking abilities and start their career bu gaining invaluable experience. The emerging trends of a startup in India are making the environment digital. Fields like mobile marketing, content marketing, e-commerce, instant messaging apps, securities, exchange board of India and B2B solution are common for exploration. Startup world has started focusing on mobile app analytics, web development, automation, social media marketing and other digital sections. The Indian technological revolution is picking up the pace of startups.

Startup in India has also added values to both MNCs and SMEs. At present, they are getting benefited by the resource generated by startups by acquisition. MNCs and SMEs also acquire the under-performing startups to use its inbuilt clients, infrastructure, and employees. Moreover, they also get powered by innovative minds, skills and revenue streams.