June 20, 2019
Why do startups fail in India?
Initiatives like Make in India, Startup India, Ministry for Skills Development and Entrepreneurship, Intellectual Property Centers, etc. all could have stirred up growth. However, innovation remains the biggest missing component of the Indian start-up puzzle. Although India has provided a positive economy for the start-up ecosystem to thrive with the various startup initiatives, the start-ups that are growing are mere clones of Western ideas.’ OLA and Flipkart being the obvious examples. Evidently, India lacks innovation