Thursday
August 18
2022

Layoff Wave: Startups Failing in India? How Entrepreneurs Can Evade the Collapse

By Sangeeta Ojha

Why are startups failing in India and how entrepreneurs can avoid it?

India has around 75,000 startups and 7.46 lakh jobs have been created by the Indian startup ecosystem so far, Union Minister Piyush Goyal had recently said this. “These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth,” Goyal had tweeted.
While the data imply a rosy picture, ground realities seem to be different. Indian startups are taking a hit. There are many reasons that lead start-ups to fail. The question is why are startups failing in India and how entrepreneurs can avoid it?

Source: Live Mint (link opens in a new window)

Categories
Entrepreneurship
Tags
business development, emerging market, entrepreneurs, innovation, startups