Abstract
Abstract India has gained global attention as a leading country that has seen significant development in the establishment of new businesses, positioning itself as a prominent center for start-ups. The birth and growth of a new businesses are impacted by several components, such as the demand for a new firm, the fundamental concept, location & events, finance sources, education & skills, employees & others. The Indian economy is widely recognized as the fifth biggest in the world when measured by gross domestic product, or the third largest when measured by purchasing power parity. The significance of start-ups in fostering this economy cannot be neglected since they contribute to the upward path of the nation’s economy. This study paper explores the various components involved in the creation of new businesses & their requirement in the process of the development of a start-up ecosystem. It also focus on the many obstacles & challenges that start-ups encounter throughout the development phase.
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