💨 Abstract

India possesses vast entrepreneurial potential but faces significant hurdles in nurturing startups and fostering economic growth. The regulatory environment is burdensome, with excessive paperwork, changing rules, and a complex financial system that stifles innovation. Access to capital is limited, with banks and venture capitalists often favoring established networks over newcomers. The "Make in India" initiative failed to deliver on its ambitious promises due to lack of reform and infrastructure.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖