Q.3 How startup ecosystem can help India become a powerhouse of the global economy? What are the challenges and suggest the way forward. (10 Marks)

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https://indianexpress.com/article/opinion/columns/how-startup-ecosystem-can-help-india-become-powerhouse-of-global-economy-7457018/
In the intro, mention that India is home to more than 40,000 startups and is building a robust tech and internet infrastructure.
In the body, mention the factors such as high percentage of working age population, internet penetration, the talent pool of skilled workforce, increased expendable income and large capital inflows are fueling the startups in India. Next, mention the potential of the startups such as value creation new business opportunities, innovation, tech-centric approaches and job creation across sectors etc. In challenges mention regulatory environment challenges and need for a skilled workforce.
Conclude by mentioning the potential of the startup economy to take the country on the path of prosperity.

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