India is slowly marching towards becoming the next big startup nation.
Never before in the history of India, so many startups have emerged and made an impact in the business industry. The dominance of national and international brands in the competitive market has generated the sense of trust among the young entrepreneurs, for achieving big in the business industry.
The Indian startup ecosystem is witnessing an immense growth, with many new ideas flourishing into several segments of the business industry. Despite many roadblocks, the play and win approach are helping young entrepreneurs achieve success.
A lot of factors, including the rise of IT sectors, globalization, and direct involvement of the local government are helping the startup industry grow at a rapid pace.
In 2016, the Indian market is foreseeing market domination for startups, especially in the online retailing and service industry where high priced business entities have been created. Moreover, it is projected that there will be over 11,500 startups by 2020 and that will change the way markets are working today in India.
The Indian population opening a new gate
The population of India is contributing to many business segments in the most fragile manner. By 2020, the nation is set to experience a demographic bonus period, where the working age population would be surpassing the non-working age population.
This unique demographic advantage will offer a great opportunity to any firm or organization trying to become successful and create a dominant position in the Indian market.
The rise of national and international investors
The Indian startup ecosystem is experiencing a constant support from Indian and global investors, showing their faith towards the industry. They are offering the required funds to help a startup organization grow, leap, and achieve success.