“A STUDY ON THE POSITION OF CHHATTISGARH IN THE EMERGING LANDSCAPE OF STARTUP INDUSTRIES”

Abstract

Today India is transpiring to be one of the most prominent startup ecosystems globally. It has undergone remarkable transformation in recent year and contributing in India to become a developed and a self-reliant country. This paper sums up the evolution of startup ecosystem in India, the position of Chhattisgarh in India with respect to startup industries. The paper is mainly based on secondary data collection and it was found that Maharashtra is the leading state with the most startup acquisition followed by the states of Karnataka and Uttar Pradesh according to the report released by DPIIT (Department of Industrial Policy and Promotion) which is making them three mega clusters of India with respect to start-up ecosystem. With respect to the state of Chhattisgarh, the state is lagging much behind and needs to buckle on so many aspects which would make the state having a successful approach towards startup industries. Startup industries in Chhattisgarh is still facing many challenges and drawbacks, despite Government’s initiative in establishing various action plans and incubators; the startup industries in Chhattisgarh needs to face crucial competition with the large business houses . Entrepreneur should navigate this hurdle as strength, continuously learning from the experience, finding new innovative methodology and should be adaptable to face diversity.