Start-Up India Initiative has been doing the rounds for over a month now and going by the knack of the UPSC to pick-up fancy terms, let’s see if we can deep dive on this topic.
From the ramparts of the historic Red Fort, Prime Minister announced the “Start-Up India, Stand-up India” to encourage entrepreneurship and job creation.
Start-Up India aims to make India the hub for the “Start-Ups”.
However, it is pertinent to discuss the roadblocks to this ambitious plan given that about 80% of the Start-Ups in India fail and also the opportunity it presents if all goes as per the plan.
We may discuss the issue under the following heads:
- Regulatory impediments
- Risk aversion
- Funding Issues
- Gestation Period
- Need for Start-Ups
- Entrepreneurial SkillSet/ Aptitude
- Opportunity to absorb the young work force
- Role in making India developed by 2022, the PM’s mission
Let’s start then!