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Impact of Economic Factors on Startup Growth Performance in South Zone with Reference to India Cover

Impact of Economic Factors on Startup Growth Performance in South Zone with Reference to India

Open Access
|Oct 2023

Abstract

The southern region of India, which includes states like Tamil Nadu, Kerala, Andhra Pradesh, Telangana, and Karnataka, has become a thriving centre for startups, which has greatly boosted India's creativity and economy. This article explores the factors that have contributed to this area's success in the startup scene, such as its strong information technology infrastructure, talented workforce, and forward-thinking government regulations. The diversified and vibrant entrepreneurial climate is being fostered by key cities like Bangalore, Hyderabad, and Chennai, which are leading the charge in industries including as healthcare, agritech, biotechnology, and information technology. Funding, incubation, and mentoring programmes are given major assistance by government efforts like as Start-Up Karnataka, T-Hub in Telangana, and Kerala Startup Mission. Regulatory roadblocks, financing deficits, and talent retention problems are still there, even if the ecosystem is thriving. By outlining the potential and challenges that characterize this dynamic industry, this study gives a thorough review of the southern Indian startup scene.

Language: English
Page range: 1 - 9
Published on: Oct 1, 2023
Published by: South Eastern University of Sri Lanka
In partnership with: Paradigm Publishing Services

© 2023 K. Maran, Harikumar Pallathadka, published by South Eastern University of Sri Lanka
This work is licensed under the Creative Commons License.