Role of startups in economic growth of India

Job creation: Starup ecosystems create more jobs. Thus, lowering unemployment issues within the country.

Creation of wealth: Entrepreneurial activities attract foreign direction investments. These investments are used for growth of the startups. The profits form these ventures create wealth within the country.

Improves the standard of living: Startups contribute to innovation and technology. It leads to better standard of living for the people of the nation.

GDP growth: Starups contribute to increase in gross domestic product of the country. Also,it supports growth of more startups and entrepreneurial opportunities within the country.