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Explain the evolution and growth of entrepreneurship in India.
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The next few decades witnessed significant growth in the entrepreneurial ventures across economic and social sectors. With the changing environment, entrepreneurship gained importance. The last decade has seen noteworthy improvement in the quality of startups in India. Institutions have started to take business and academic interest in startups. In the last few years, they have exhibited potential and proficiency, which has made the global investors to venture in the Indian startup ecosystem.
The accelerated funding coupled with the innovative and incrementally competent growth of startups like Zomato, Flipkart, Snapdeal, etc. and their potential to grow as world class companies has set benchmark and hope for many aspiring entrepreneurs. The foundation for a sustainable startup ecosystem has already been laid. What remains to be seen is how we capitalize and develop on it while fighting the logistics, market and funding challenges that come along.
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