Startups go beyond valuations
Startups have played a stellar role during the pandemic and managed to outshine big companies
Pummelled by the Covid-19 pandemic, the economy has been unable to keep pace with the growing job demands of a nation brimming with a young workforce.
Startups have played a stellar role during the pandemic and managed to outshine big companies, providing crucial services to customers and also generating employment opportunities.
According to DPIIT, it took only 180 days to add 10,000 startups this year — a great boost to job creation.
In a year which has witnessed massive devastations, this development is indeed a silver lining and adds to growing expectations that we have embarked on the road to recovery.
The mushrooming of startups is an indication of the blossoming of the entrepreneurial spirit. It has now given a new direction to youngsters who are not satisfied with a regular job and with role models galore in the country, they know that with perseverance and the right idea, they too can make it big.
Their success stories have managed to inspire and empower people.
But they need adequate support. DPIIT has stated that it is taking measures to ensure the fledgling companies get a chance to expand and create more employment opportunities.
The government needs to provide startup ecosystem with necessary assistance to ensure the process of job creation continues unabated.