Most of the Startup companies in India face numerous problems at the initial stage. Starting from raising funds, investing, hiring new employees and much more, these Startups need adequate support to overcome these difficulties and failures to become successful.
Government’s support for these startups is a concern for now. Start-ups in India need the government’s help to cut down the failure rate. The government should provide incentives to investors in startups.
In global hubs like in London, failures of Startups are accepted which is lacking in India. Meanwhile, entrepreneurs in India are considered brave enough as they take greater risks in case any adverse situations.
As we are aware of the governmental programs like Make In India, Digital India, Startup India as well as employment generation which provides a great platform for many startup ideas.
The government can promote direct procurement from startups which have approved on the Startup India website.