The impact of India's macroeconomic factors in the development of startups with reference to India

Abstract

Innovation and economic development in India's Western Zone are greatly influenced by the startup environment. Startups in the area are the focus of this article, which also analyses the present environment, difficulties, and potential solutions. Drawing attention to the importance of comprehending these dynamics, the research seeks to identify critical barriers impeding the growth of startups and offers strategic suggestions for creating an atmosphere that is favourable to entrepreneurship. Results from this qualitative literature review and empirical investigation highlight the requirement of well-targeted policies and programmes to sustainably encourage the expansion of new businesses. Policymakers, investors, and entrepreneurs may all benefit from the practical insights provided by this study, which also adds to larger conversations on regional economic growth.