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AN IMPERATIVE STUDY ON THE ROOT CAUSES OF STARTUP LAYOFFS IN INDIA
Authors
B.Sai Bhavana
Downlaod Center
Keywords
Startups, startup ecosystem, layoffs, fundings, macro economic factors.
Abstract
The Startup India initiative was announced by the Shri Narendra Modi Hon'ble Prime Minister of India on 15th August, 2015. The flagship initiative aims to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. Further to this, an action plan for Startup India has focused on areas such as "Simplification and handholding, Funding support and incentives" and "Industry-academia partnership and incubation".
Indian start-ups have made their mark on the global stage. The ecosystem's rapid growth and maturity have unleashed a tremendous appetite for scalability, alternative funding options, global market expansion, and the ability to enable millions of jobs. This meteoric rise of start-ups has made India the world's third largest start-up ecosystem, and it has had a significant impact on the Indian economy, demonstrating the ability to contribute approximately 4-5 percent of India's GDP. The start-ups, like any other business, have been hit by the macroeconomic factors such as the Covid-19 pandemic, Russia-Ukraine conflict, the inflation in crude oil prices, and the changing public market valuation are some of the global factors that are slowing down the growth of the start-ups. This study aims to understand the growth of startups across the country, and the causes of startup layoffs.
IJCRT's Publication Details
Unique Identification Number - IJCRT2307537
Paper ID - 241382
Author type - Indian Author
Page Number(s) - e634-e637
Pubished in - Volume 11 | Issue 7 | July 2023
DOI (Digital Object Identifier) - http://doi.one/10.1729/Journal.35851
No Of Downloads - 90
Author Country - India, 500003, secunderabad, secunderabad, 500003, Commerce All
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
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B.Sai Bhavana, "AN IMPERATIVE STUDY ON THE ROOT CAUSES OF STARTUP LAYOFFS IN INDIA", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 7, pp.e634-e637, July 2023, Available at :http://www.ijcrt.org/papers/IJCRT2307537.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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