Abstract
India needs 10 million jobs a year and global data shows that it is startups, not large enterprises that create net new jobs in any country. Startups are the centers of innovation and are a great way to enhance employment creation in the economy. The concept of Start-up India campaign was started on 15th August 2015. Startups involve dealing with new technology which generally lies at the highest end of value addition chain. India is a home to almost 3100 startups starting per year standing just behind the US, UK, and Israel according to the NASSCOM report of 2015.
Highlights
If the growth continues in the same pace it is expected that Indian tech startups will generate almost 2.5 lakh jobs in the five years
India is said to enjoy demographic dividend and it is anticipated that by 2020 India will be a home to 112 million working population falling in the age bracket of [20-24] years as compared to that of 94 million workers of China
Startups help in self-employability and for creating job opportunities for others as well. if a country has to boost its economy majority of population has to take part in the country‟s economy mans have a job or business this will result in increased economic activities and money circulation and boosts the economy so successful startup businesses helps in increasing job opportunities
Summary
“Start up India Is a revolutionary scheme that has been started to help the people who wish to start their own business. These people have ideas & capabilities , so the Government will give them support to make sure they can implement their ideas and grow. Success of this scheme will eventually make India a better economy and a strong Nation.”
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