Startup
Start Your Business
Private Limited Registration
Public Company Registration
OPC Pvt Ltd Registration
LLP Firm Registration
Section 8 Company Registration
Nidhi Company Registration
Insurance Company Registration
NBFC Company Registration
Producer Company Registration
Foreign Subsidiary Registration
Foreign Branch Office
Foreign Liaison Office
Foreign Project Office
Overseas Company Registration
Proprietorship Firm Registration
Partnership Firm Registration
Grow Your Business
GST Registration
MSME Registration(UDYAM)
Shop & Establishment Registration
Startup India Registration
ESI/PF Registration
IEC Code (Import Export)
Startup Consultation
Appoint Virtual CFO
Angel Funding/ VCs
Virtual Office Service
Due Diligence of Company
Business Development
Protect Your Business
Trademark Registration
Trademark Objection
Trademark Hearing
Trademark Opposition
Trademark Infringement
Trademark Renewal
Trademark Assignment
Trademark Withdrawal
Trademark Monitoring
Logo Design Service
Copyright Registration
Patent Registration
Exit Your Business
Close Company
Fast Track
Close LLP
Close Firm
GST Cancellation
Compliances
Change Services
Change Company Name
Change LLP Name
Change Company Object
Change LLP Object
Increase Authorised Capital
Increase Paid-up Capital
Increase LLP Capital
Transfer of Shares
Alteration in MoA & AoA
Resignation of Auditor
Appointment of Director
Resignation of Director
Change in Designation of Director
Shifting Registered Office of Company
Shifting Registered Office of LLP
Dormant Status of Company
Mandatory Compliances
Appoinment of Auditor
Annual Filings of Company
Annual Filings of LLP
Annual DIN/DPIN KYC
Annual Return of Deposits
Half Yearly MSME Return
Statutory Registers & Minutes
XBRL Filing of Companies
eStamping of Share Certificates
Dematerialisation of Shares
RBI FEMA Compliance
GST Returns Filing
ESI-EPF Returns Filing
TDS Returns Filing
Change in Structure
Proprietorship to OPC
OPC to Private Limited
Private Limited to OPC
LLP to Private Limited
Private Limited to LLP
Partnership Firm to LLP
Private Limited to Public Company
Public Company to Private Limited
Trust/Society to Section 8 Company
Existing Company to Section 8
Existing Section 8 to Company
Services
Accounting & Book Keeping
GST Compliance
Valuation Services
Corporate Litigation
Company Law Advisory
Services For Banks
Drafting & Vetting Services
Business Setup Advisory
Startups Funding
Business Loans
Get in Touch
Govt Liaisoning
Retainership Services
NBFC
NBFC Company Registration
NBFC Micro-Finance Registration
NBFC P2P Lending Registration
NBFC Core Investment Company
NBFC ROC Compliance
NBFC RBI Compliance
NBFC License Restoration
NBFC Business Plan
NBFC Acquisition
NBFC Consultancy
NBFC Compliance Calendar
NBFC Independent Director
ISO
ISO 9001:2015
Most Demanded
ISO 14001:2015
ISO 13485:2016
OHSAS 18001:2007
HACCP Certification
CE Marking
GMP Certification
CMMI Level 3 Certification
ISO 22000:2005
ISO 27001:2013
FSSAI
FSSAI Registration
FSSAI State License
FSSAI Central License
FSSAI Registration Renewal
FSSAI License Renewal
FSSAI Returns Filing
FSSAI Compliances
FSSAI Consultancy
ITR
Salaried Person
TDS Refund
Firms/LLPs
Companies
NGOs
Income Tax Notice
Income Tax Planning
Income Tax Litigation
Income Tax Computation
Charity
Section 8 Company
Recommended
Trust Registration
Society Registration
80G & 12A Registration
FCRA Registration
NITI Ayog Registration
CSR-1 Registration
CSR 2 Report
CSR Services
NGO Consultancy
NGO Handholding
Govt Grants Support
Partnership
Angel Investors
Venture Capitalists
Co-Working Spaces
Banks and NBFCs
Incubation Centres
Government Wings
Institutional Bodies
Software Companies
CA/CS/CMA/Lawyers
Press & Media Houses
Overseas Ventures
Other Startup Enablers
Contact Us
Home
Startup Zone
How Startups are powering India's success to the third largest economy by 2030
How Startups are powering India's success to the third largest economy by 2030
Volume
1
Rate
1
Pitch
1
How Startups are powering India's success to the third largest economy by 2030. The year 2023 is special for India. We celebrated 75 years of independence last year. But what’s also special is that we marked more than 75,000 startups and created more than 750,000 jobs in startups, becoming the third largest startup ecosystem in the world. We are slated to leave behind countries like Germany, UK, Japan and become the third largest economy by 2030, by most estimates. Despite India's economy being significantly impacted by the COVID-19 pandemic in 2020, where our GDP contracted by 7.7%, India regained its position as the fastest growing economies of the world. In this article, Compliance Calendar traces how startups are powering India’s growth story. Tracing significant positive developments in the startup space The advent of 5G in India - The coming of the 5G wave has led to an abundance of startups in data processing, data visualisations, space, weather and other data-predictive services. Existence of a large, growing middle class with a spending appetite - A booming middle class population is one of the reasons for massive increases in sales in FMCG businesses like ready to eat foods, cosmetics, apparel, footwear, and personal care products. New age financial services startups - These include online credit companies, helping small and medium startups with micro loans and entrepreneurs with capital support. With a low-cost operating model, technology and Fintech partnerships are advantageous to both - the market as well as startup loan takers. Digital acceleration of businesses - With the onset of the pandemic, MSMEs were forced to operate digitally. Many firms used this as an opportunity in a crisis and recorded massive sales due to multiple gains from social media, marketing and low-cost digital operations via e-commerce. The government also introduced the Open Network for Digital Commerce, to encourage businesses to adopt e-commerce. Sectoral growth in digital models - Several sunrise sectors with promising returns have emerged, such as digital insurance, SaaS (Software as a service), crypto exchanges, health tech, Web 3.0, logistics, Edu-tech. India - The Startup Nation India has seen a significant growth in the number of startups over the past decade, with the country emerging as one of the leading startup ecosystems in the world. We received venture capital investment worth over $36 billion in the financial year 2021. The Indian government has launched several sectoral and broad initiatives to support the growth of startups, such as the Startup India program, the Production Linked Incentive Scheme for various sectors, the Atmanirbhar Bharat initiative, and the recently launched Self Reliant India Fund, worth INR 10,000 crores. The government has also introduced policies to simplify regulations and make it easier for startups to do business in India. Unicorns and Soonicorns The Indian startup ecosystem is diverse, with companies operating in a range of sectors including e-commerce, fintech, healthcare, education, and more. Some revolutionary unicorn Indian startups such as Flipkart, Ola, Paytm, Byju's, Nykaa, Zomato, and Swiggy are well-known. But newer players such as Acko (digital insurance), Cult.Fit, Zepto, Urban Company, Vedantu, Quikr and other new age startups raised a record $8.4 billion last year. These companies have attracted significant investment from both domestic and international investors, and have helped put India on the global startup map. Challenges ahead With the current high inflationary trends, both in India as well as globally, the latest Economic Survey (2022-23) notes a global slump in external demand for goods and its consequent impact on trade. This is largely due to international crises such as - Russia-Ukraine war, conflict in Europe, slow recovery from the pandemic and USA’s federal bank rate hikes that led to capital outflow from India. Inflation is also affecting economic fundamentals such as higher interest rates, and volatility in financial and commodity markets. This can be directly traced to underperformance in many equity and mutual fund baskets in India last year. A tempered growth is also causing startups to become frugal, and reduce cash burn by massive layoffs. Early stage startups are seeing inflow of capital. This is slated to be India’s century. With startups showcasing their entrepreneurial strength, Compliance Calendar is here to support your startup in every compliance procedure, from filing for IPR protection to helping you evaluate term-sheets for your VC. Connect with our experts for solutions to all your funding, financial and legal needs - all at one place.
Share this article:
Search more articles:
You may also like
How to Get Startup India Registration: DPIIT Recognition
How to Get Angel Investor for Startup Seed Funding: Demystifying Startup Funding
Increasing Role of Startups in Developing Indian Economy: India Have 108 Unicorns Now
How to Build a Successful Startup in 2022: Some Tips, Tricks and Hacks
How to Start a Business: 11 Step-by-Step Process
What is Startup funding? Demystifying the Basics!
How Has India's Entrepreneurial Ecosystem Grown Over Years? Get to know here!
Here's How to Become a Successful Entrepreneur
How to start a business that people need in the world of smartphones
What you should know before bootstrapping your startup
Legal Challenges faced by Start-up while Raising Funds
8 Ways Smartphones have changed the Business Environment
Ease of Doing Business in India: An Analysis
Startup India Scheme: An Overview and Guide for Start-up Founders
Legal Compliances For Startups In India
Startup Funding Requirement and Importance of Funding for Startups
Everything You Need to Know About the Non-Disclosure Agreement for Startups
How to get Venture Debt for a Startup Company in India
Role of a Business Incubator in a Startup
Importance of G-20 Summit for Indian Enterpreneurship
Rising Demand of Legal-Tech Startups in India
Compliances Applicable on Investment in Indian Startup Companies
Issue of Convertible Notes by Indian Startup Company
Unlocking Opportunities: Small Companies and Startups under the Companies Act, 2013
Space Startups - Policies, Procedures and Prospects in India
Guidelines For Recognition of Startups Under DPIIT
How to start an eCommerce Platform in India as a Foreign Subsidiary Company
iSAFE Notes - Fund Raising for Growing Startups
Why are Startup Valuations falling? Compliance Calendar’s Guide to Valuations
Starting and Running an IT/Software business in India - Here’s the big picture
Starting a Textile and Garments Business in India - Laws, Compliance and Government Initiatives
Top Short-term Funding options for Startups in India - Financing immediate cash needs for your business
Start Your Business
Private Limited Registration
Public Company Registration
OPC Pvt Ltd Registration
LLP Firm Registration
Section 8 Company Registration
Nidhi Company Registration
Insurance Company Registration
NBFC Company Registration
Producer Company Registration
Foreign Subsidiary Registration
Foreign Branch Office
Foreign Liaison Office
Foreign Project Office
Overseas Company Registration
Proprietorship Firm Registration
Partnership Firm Registration
Grow Your Business
GST Registration
MSME Registration(UDYAM)
Shop & Establishment Registration
Startup India Registration
ESI/PF Registration
IEC Code (Import Export)
Startup Consultation
Appoint Virtual CFO
Angel Funding/ VCs
Virtual Office Service
Due Diligence of Company
Business Development
Protect Your Business
Trademark Registration
Trademark Objection
Trademark Hearing
Trademark Opposition
Trademark Infringement
Trademark Renewal
Trademark Assignment
Trademark Withdrawal
Trademark Monitoring
Logo Design Service
Copyright Registration
Patent Registration
Exit Your Business
Close Company
Fast Track
Close LLP
Close Firm
GST Cancellation
Change Services
Change Company Name
Change LLP Name
Change Company Object
Change LLP Object
Increase Authorised Capital
Increase Paid-up Capital
Increase LLP Capital
Transfer of Shares
Alteration in MoA & AoA
Resignation of Auditor
Appointment of Director
Resignation of Director
Change in Designation of Director
Shifting Registered Office of Company
Shifting Registered Office of LLP
Dormant Status of Company
Mandatory Compliances
Appoinment of Auditor
Annual Filings of Company
Annual Filings of LLP
Annual DIN/DPIN KYC
Annual Return of Deposits
Half Yearly MSME Return
Statutory Registers & Minutes
XBRL Filing of Companies
eStamping of Share Certificates
Dematerialisation of Shares
RBI FEMA Compliance
GST Returns Filing
ESI-EPF Returns Filing
TDS Returns Filing
Change in Structure
Proprietorship to OPC
OPC to Private Limited
Private Limited to OPC
LLP to Private Limited
Private Limited to LLP
Partnership Firm to LLP
Private Limited to Public Company
Public Company to Private Limited
Trust/Society to Section 8 Company
Existing Company to Section 8
Existing Section 8 to Company
Services
Accounting & Book Keeping
GST Compliance
Valuation Services
Corporate Litigation
Company Law Advisory
Services For Banks
Drafting & Vetting Services
Startups Funding
Business Loans
Get in Touch
NBFC
NBFC Company Registration
NBFC Micro-Finance Registration
NBFC P2P Lending Registration
NBFC Core Investment Company
NBFC ROC Compliance
NBFC RBI Compliance
NBFC License Restoration
NBFC Business Plan
NBFC Acquisition
NBFC Consultancy
NBFC Compliance Calendar
NBFC Independent Director
ISO
ISO 9001:2015
ISO 14001:2015
ISO 13485:2016
OHSAS 18001:2007
HACCP Certification
CE Marking
GMP Certification
CMMI Level 3 Certification
ISO 22000:2005
ISO 27001:2013
FSSAI
FSSAI Registration
FSSAI State License
FSSAI Central License
FSSAI Registration Renewal
FSSAI License Renewal
FSSAI Returns Filing
FSSAI Compliances
FSSAI Consultancy
ITR
Salaried Person
Firms/LLPs
Companies
NGOs
Income Tax Notice
Income Tax Planning
Income Tax Litigation
Charity
Section 8 Company
Trust Registration
Society Registration
80G & 12A Registration
FCRA Registration
NITI Ayog Registration
CSR-1 Registration
CSR 2 Report
CSR Services
NGO Consultancy
NGO Handholding
Govt Grants Support
Partnership
Angel Investors
Venture Capitalists
Co-Working Spaces
Banks and NBFCs
Incubation Centres
Government Wings
Institutional Bodies
Software Companies
CA/CS/CMA/Lawyers
Press & Media Houses
Overseas Ventures
Other Startup Enablers
Contact Us