Investment in Local Startups is the Key to India’s Economic Progress

Investment in local startups can be the driving force behind India’s economic growth. When talking about start-ups, a quote by Lao Tzu comes into mind, which says- “The journey of a thousand miles begins with one step.” Over the past few years, the start-up culture in India has taken the business world by storm. Young companies with big dreams are playing a vital role in building the economy of the country. India added over 1300 start-ups in 2019, making the country the third biggest start-up ecosystem in the world behind China and the US. The start-up culture only seems to be growing each day. Talking about the benefits of new start-ups in the country’s overall development, start-ups have been created an estimated 40,000 new jobs over the year, taking the total jobs in the start-up ecosystem to 1.6-1.7 lakh.

India is a youthful country, with a large chunk of its population falling under 25 to 35 years.  As the country’s education system and economy continue to improve year by year, the nation’s youth is coming up with innovative business concepts and has developed the risk-taking abilities to embark on their entrepreneurial journey. To enhance the country’s start-up ecosystem, our honorable Prime Minister Shri Narendra Modi recently launched an initiative of making India a ‘self-reliant‘ nation. The Aatmnirbhar Bharat Abhiyan launched by PM Modi is a chance for Indian Start-ups to take command of the innovations we are usually reliant on global suppliers. Investment in local startups of India will play a vital role in the success of the Aatmnirbhar Bharat mission. It is an excellent opportunity for local start-ups to shine at a global stage by innovating and bringing to the market products along with services that are world-class yet affordable.

Investment in Local Startups is a Wise Decision

To build a successful start-up, the role of investment is crucial.  Even the most innovative business ideas tend to fail if they cannot gain the investment required to set up their business. The long, painstaking journey from the idea to revenue-generating business needs a fuel named capital. Some of India’s successful start-up funding options include Crowd-funding, Self-funding, Venture Capitalists, Angel Investment, etc. India’s government is also empowering start-ups to boost entrepreneurship, economic growth, and employment across India. Efforts like managing crores of funds for growing domestic venture capital industry, allowing tax exemptions, from India’s government, are helping aspiring entrepreneurs start their entrepreneurial journey.

Our organization, Aatmnirbhar Sena, is committed to assisting and guiding new innovative start-up ideas in the country and fostering investment in local startups. To address the scarcity of funding, we will be collaborating with leading financial institutions of the country to avail easy loans for investment in local startups. We don’t want any business idea to die because of the dearth of financial assistance. Aatmnirbhar Sena believes in the capabilities of aspiring entrepreneurs of our country and will help them in every possible way in their entrepreneurial journey. The journey from business idea to make it a profitable can get quite demanding at times. However, our business experts and experienced professionals are on a mission to help start-ups smoothen their entrepreneurial journeys by encouraging investment in local startups.