The last decade has witnessed an exponential rise in the
start-up ecosystem in the country. While the COVID-19 outbreak and
the effects of the lockdown in 2020 may have dented this ecosystem,
the year 2021 registered a return on the growth trajectory. Today,
the start-up ecosystem in India, which had started as a
software-intensive hub, is now industry and location agnostic and
has expanded leaps and bounds across industries and service
sectors. This has been possible on account of various government
initiatives, the availability of skilled workers, access to
capital, and a supportive business environment. This has, in turn,
led to steady growth for the country in the ranks of ‘ease of
doing business.'
