Question 17GS2GS2
It has been argued that despite several hurdles faced by the entrepreneurship ecosystem in India, the future of India is likely to be shaped by its entrepreneurs. Comment. (Answer in 250 words)
Introduction
As of 2022, India has more than 100 unicorn startups
10 words
Main Body
As of 2022, India has more than 100 unicorn startups (valued at more than $1 billion).
Several Hurdles Faced:
1Lack of adequate funding resulting in cases around, impetus to scalability of start-ups
2Very complex and multilayered regulatory regime invites towards greater confusion and corruptance
3Recent poll check unit of PHS, IT rules amended should significant spend on India Intermediaries
4Lack of concrete corporate governance structure resulting in mismanagement, corruption, exploit harassment etc
5Recent post check unit of PHS, IT rules amended should significant spend on India Intermediaries
3Limited entry space to people from good college due to dependence on credentials over merit (Bangladesh etc)
4Lack of concrete corporate governance structure resulting in mismanagement, corruption, exploit harassment etc
5: BYJUS financial statement & recent video from Scoping Nirupae etc
6Overconfidence on Indian market resulted in customized products and problems are very difficult to scale outside
— Hrishikesh Rajendra · AIR 61
152 words2 paragraphs
Conclusion
Future of India - (1) Employment generation especially in labour-intensive industry suitable to Food Processing (2) Spice agglomeration of population due to high number of startup in digital services industry (3) Ripple economic effect on traditional industries → Seamless cash transaction due to UPI, Payment → Incoming of FDI amounting growth of financial sectors → Important for geostrategic autonomy through new indigenous defence tech → ASTROME tech's collaboration with Army
70 words
Examiner score
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Topper
Hrishikesh Rajendra
AIR 61
Subject & Paper
GS2GS2
Topic
Development Processes - Role of NGOs, SHGs, Donors, and other Stakeholders
Roles of NGOs, Organizations
Entrepreneurship Ecosystem
Writing Stats
232
Total words
2
Paragraphs
analytical
Tone