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Why is Entrepreneurship booming in India?

June 09, 2022

Why is Entrepreneurship booming in India?

If we look a decade back, we have witnessed how rapidly the startup companies in India have boomed.

Many young minds came forward with innovative ideas to satisfy customer needs!!

Whereas, a few in their middle-age realized began with a startup!! (there is absolutely no harm in it)

Numerous women shook the country with their ingenious visions.

There were no age or gender barriers, while visionary entrepreneurs were heading toward their goals.

Let us see the successful startup companies in India that have become prominent for customers.

1] Successful Startup Companies in India:

Let us list the startup companies that have seen soaring growth in these years!!

Urban Company, Delhivery, Ola, Cred, Zomato, Swiggy, HealthifyMe, Unacademy, UpGrad, Dunzo, Grofers, RazorPay, Byju’s, Practo, boAT, Flipkart, Rapido, YourStory, Nykaa, PharmEasy, Mama earth, Groww and many more.

Read: 7 Business Books List for Start-Ups

2] Reasons for Rising in Entre preneurial

The entrepreneurs were focused on their goals. No matter what hurdles came their way, the focus didn’t get diverted.

For any entrepreneur, it is vital to stay focused and goal-oriented. Besides these, it is also essential to be a believer.

You need to believe that you can achieve what you dreamt of! Self-belief is important! Believing in yourself is the first secret to success.

The saying is, that a drop of blood wakes the zombies from sleep. Similarly, when the pandemic hit the nation, it awakened innovators!!

Innovators who were hungry for innovations and new ideas. As it was the period of lockdown, people were ideal and many lost their jobs too.

This sparked various ideas in many entrepreneurs and this led to open paths to multiple opportunities.

 

3] Future opportunities for Entrepreneurs:

The covid certainly ignited many new entrepreneurs, whereas, the wave of entrepreneurs didn’t stop here. It rose and still rising. Many entrepreneurs started believing in themselves and are moving forward to transform their dreams into reality.

As we all are well-versed with the fact that there is a rise in digitalization; as we have mentioned earlier, there are many companies you had come up with brilliant ideas to satisfy customer needs.

Innovators with the infusion of digital technology elevate their ideas, execute their plans, and grow in the market. Thus, digitalization is playing a vital role in entrepreneurship. The key important factor for the entrepreneur is to be a self-starter, agile, and resilient.

Innovation requires diversification if today’s entrepreneurs are ready with a diversity of products or services for the customers, the sustainability in the market increases, also the future opportunities increase wondrously.

Do not fear missing out; you can be an entrepreneur too. All you need to do is learn entrepreneurship with the Thadomal Shahani Centre for Management (TSCFM). It offers a 3-in-1 Management Program (PGDBM); students acquire, Globally recognized PGDBM from EduQual, PGDBM in Entrepreneurship, and PGDM (Marketing, HR, Finance), which help students fulfill their dream of becoming an entrepreneur.

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