Impact of growth in startup companies on Indian GDP

Economic administration and financial management

In this research paper, significant relationship between number of new start-ups and Indian GDP growth have been analyzed. India is now trending with huge growth in the new start-ups both tech and space in recent years. The new start-up schemes launched by the government has helped many entrepreneurs to have easy access to funds. The research has applied correlation and regression techniques to find relationship and significant impact of start-ups on GDP growth. The findings have shown negative weak correlation between two variables. On the other hand, no significant impact of new start-ups on Indian GDP growth has been found at 5% significant level. The research recommends the Indian government to focus on encouraging the new start-ups in agricultural sector, as primary sector majorly contributes in the GDP.

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