[ 600 Words ] Essay on Startups in India in English ( Short & Simple )

Today, we are sharing Essay on Startups in India in English. This article can help the students who are looking for essay on Startups in India in Hindi. This is the simple and short essay on Startups in India which is very easy to understand it line by line. The level of this article is mid-level so, it will be helpful for small and big student and they can easily write on this topic. This is the Long essay on Startups in India that will be useful for class 5, class 6, and class 7, class 8, 9, 10.

essay on startups in india in english

Startups in India par nibandh English mein


As we know that India is the largest democratic country in the world and the majority of its population is young. In such a situation, if the youth do not have the means of employment, then that direction will get confused. The country may have to bear the brunt of this.

Keeping all these things in mind, the Startup India campaign was started in the country by the Prime Minister of the country, Narendra Modi. Such people will be encouraged who want to start their own businesses. All the youth who want to become successful businessmen will be able to take advantage of this.

Features of Startup India:

Startup literally means the initial stage of a business i.e. a business is still progressing. The benefit of this scheme will be given to such companies who are operating the company for 10 years and whose turnover is ₹ 100000000 (ten crores). There are currently 150 million startups around the world.

In the year 2021-22, more than 14000 startups have been registered while the number of unicorns is 83. A unicorn means a company whose annual turnover is one billion 400 million or more. India comes third in the category of unicorns in the whole world.

Bangalore, India, is setting new dimensions for startups across the world. Most of the unicorns in India are employed in the service sector. Delhi-NCR and Mumbai are the areas where a large number of startup companies operate.

The companies registered under the Startup India scheme do not need to pay any tax on the profits they get for 3 years. These enterprises will be given an 80% rebate on the registration fee for patent registration.

For the first 3 years, whether or not the company is following the rules of labor and environment in the company, will not be investigated i.e. they will be given a special type of exemption here.

Role of Startups in India's Economy:-

  1. Creation of new jobs: More startup companies will come into the country, and more employment opportunities will be available. This will end the problem of unemployment in the country.

  2. Promotion of small-scale industries: This scheme launched by the government will benefit the youth of rural areas who want to set up small-scale industries in their homes. Apart from this, the government will encourage their product so that the sale of their product can be maximum.

  3. Production of better quality products: When many companies bring many products into the market, it will increase the competition. So that consumers will be able to get the best quality products at affordable prices. As a result, the standard of living of the people will increase. And when better products are manufactured in India, there will be health-related benefits as well because when the product is good then its benefits will also be more.
  4. Receipt of foreign income: When there will be a large number of startup companies operating in India and if we sell the products that the companies will make, then it will benefit the company, along with India will get foreign exchange and the income of the government will increase. Not only will the country get economic benefits from this, but India will make a different place in the category of startups in the world.

Development of creativity:

Many companies under Startup India are innovating with the help of technology. Which leads to the development of creativity. This scheme will prove beneficial in manufacturing and selling good products at low prices.

F.A.Q ( Frequently asked questions )

  1. What is Startup India Scheme?
  2. Startup literally means the initial stage of a business i.e. a business is still progressing. Those businesses will be helped financially and legally by the government under this scheme.

  3. When was the Startup India scheme implemented?
  4. The Startup India scheme was implemented from the year 2016.

  5. Who will get the benefit of the Startup India Scheme?
  6. The benefit of this scheme will be given to such companies who are operating the company for 10 years and whose turnover is 10 crores.

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