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International Journal of
Management and Economics
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VOL. 6, ISSUE 2 (2024)
Evaluating the effectiveness of government policies on startups and innovation in emerging Indian markets
Authors
Priyanka Tiwari, Akriti Sharma, Hamid Abdullah, Harry George
Abstract

Currently, India features as the vibrant incubation ground for startups characterised by free entrepreneurship spirits and policies. Consequently, this research paper assesses the extend to which different Indian government policies intended to support start-ups and innovation in emerging markets have succeeded. Analyzing the interacting effects of policies certainly requires the use of mixed methods, and thus this study is a clear example of such an endeavour.

Primary data comprises a survey with 300 respondents, including startup founders based in the states across India; and the secondary data includes interviews with 15 policymakers, and industry specialists and incubator participants from India. The survey gathers practical views and perceptions of different entrepreneurs regarding three major policies namely ‘Startup India,’ ‘Digital India,’ and ‘Make in India.’ Interviews are also accommodative of perspectives within the policy and the challenges faced as well as the areas of weakness or strength.

This paper also identifies that policies put in place by the government have, in general, had a positive effect on the startup environment. State initiatives have provided much-needed funds and loosened the bureaucratic strings surrounding the registering of new businesses and startups and have seen improvements in their infrastructure.

However, there are still difficulties concerning bureaucracy, regional disparities and insufficient knowledge of the existing measures Increasing Awareness and Accessibility: As a result, the efforts should be made to extend the outreach programs which disseminate the relevant information to the business people regarding the existing policies and resources.

Improving Policy Coordination: One of the key recommendations is to improve cooperation among the departments that are engaged in the support of startups as increased cooperation naturally promotes efficient implementation of the existing measures.

Lastly, the Indian government policies have indeed come a long way in nurturing and promoting new age startups and ideas but yet the improvements can still be made.

Therefore, the suggestions made in the study are to enhance the desired policy environments and provide the right policy mix for the growing and diverse startup landscape in India. It is recommended that the future research should extend to the long-term policy effect and compare this study with other EMs to get more insights and lessons learned. on the side of the entrepreneurs.

The study identifies several key areas for policy enhancement: The study identifies several key areas for policy enhancement:

Addressing Regional Imbalances: Considering these issues, it can be stated that applying relevant measures and policies at the national level can address the problem of policy gaps to a greater extent; however, it is vital to come up with more specific support mechanisms aimed at startups appearing in the regions that can be classified as less developed.’
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Pages:60-65
How to cite this article:
Priyanka Tiwari, Akriti Sharma, Hamid Abdullah, Harry George "Evaluating the effectiveness of government policies on startups and innovation in emerging Indian markets". International Journal of Management and Economics, Vol 6, Issue 2, 2024, Pages 60-65
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