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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
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THE ANALYSIS OF RISE OF FASHION , HOME & LIFESTYLE DESIGN PRODUCTS BASED STARTUPS, MSME& & CHALLENGES FACED BY THEM IN RELATED SECTOR OF INDIA ECOSYSTEM
Authors
RENU KUMARI
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Keywords
Indian Startup ecosystem , Indian Startup, Entrepreneurship , Rise of Startups , , Budding entrepreneurs , Challenges of startups , Business
Abstract
This research aims to analyze the rise of the startup ecosystem in India in Fashion , Home & Lifestyle Design products based Startups & MSME in related sector of India challenges faced by budding entrepreneurs by employing a comprehensive methodology that incorporates the study of various online and offline sources, conducting an online survey of budding entrepreneurs, and examining the entrepreneurial lifestyle. The primary purpose of this study is to identify the challenges faced by startups in India and derive key conclusions on how to resolve these challenges.
The research begins by exploring the dynamic landscape of the Indian startup ecosystem through an extensive review of literature, industry reports, and news articles. This analysis provides a foundation for understanding the context and growth of startups in the country. Additionally, online and offline sources such as government reports, academic publications, and case studies are utilized to gather in-depth insights into the entrepreneurial ecosystem.
To gather first-hand information, an online survey was conducted among budding entrepreneurs in India. This survey investigates various aspects of the entrepreneurial journey, including the challenges faced, resources utilized, and strategies employed for growth. The data collected from the survey is analyzed using statistical techniques to identify common patterns and trends.
Furthermore, the research delves into the entrepreneurial lifestyle by studying the experiences and perspectives of successful startup founders. These qualitative insights provide a deeper understanding of entrepreneurial mindset a its impact on startup success.
Index Terms - Based on the analysis of online and offline sources, the survey data, and the insights from interviews, the research identifies the major challenges faced by startups in India. These challenges include limited access to capital, regulatory hurdles, talent acquisition, market competition, Ineffective marketing,Knowledge and skills gaps.and scalability issues. The research concludes by offering key recommendations and strategies to address these challenges, such as improving access to funding, fostering a supportive regulatory, decreasing skill gap, Government schemes and start up support systems ,promoting entrepreneurship education, and facilitating networking opportunities.
Overall, this research contributes to the understanding of the rise of the startup ecosystem in India and provides valuable insights into the challenges faced by startups. The findings and recommendations aim to guide policymakers, investors, and aspiring entrepreneurs in fostering a conducive environment for startup growth and innovation
IJCRT's Publication Details
Unique Identification Number - IJCRT2307300
Paper ID - 240940
Author type - Indian Author
Page Number(s) - c586-c591
Pubished in - Volume 11 | Issue 7 | July 2023
DOI (Digital Object Identifier) -
No Of Downloads - 95
Author Country - India, 827013, BOKARO STEEL CITY , BOKARO STEEL CITY , 827013, Management All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
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RENU KUMARI, "THE ANALYSIS OF RISE OF FASHION , HOME & LIFESTYLE DESIGN PRODUCTS BASED STARTUPS, MSME& & CHALLENGES FACED BY THEM IN RELATED SECTOR OF INDIA ECOSYSTEM", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 7, pp.c586-c591, July 2023, Available at :http://www.ijcrt.org/papers/IJCRT2307300.pdf
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