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Rajveer Thakur
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Rajveer Thakur
Asked: September 20, 20202020-09-20T15:58:21+05:30 2020-09-20T15:58:21+05:30In: UPSC MAINS

What are the challenges faced by startups in India?

List some of the challenges faced by startups in India. Analyze the provisions of “Start-up India” program.

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    1. Rajnish

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      Rajnish Optimist
      2020-09-20T19:39:18+05:30Added an answer on September 20, 2020 at 7:39 pm

      The Challenges faced by startups in India:

      Capital:

      The challenge is not to merely generate enough seed capital but also to support in expansion and sustenance and maintenance. It is critical to plan your finances in advance.

      Lack of infrastructure support:

      Infrastructural support such as incubation and funding are not easy to find in India. Irregular power supply, telephone reception network, etc. can be a hindrance to the growth of any business.

      Hiring the right talent:

      • Finding and hire the right kind of talent for the business with skills to match growing customer expectations is one of the biggest challenges.
      • With low salaries in comparison with other corporates, hiring skilled manpower may not be possible and so you may have to settle for the next best option.

       

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