Question 17GS2GS2

It has been argued that despite several hurdles faced by the entrepreneurship ecosystem in India, the future of India is likely to be shaped by its entrepreneurs. Comment. (Answer in 250 words)

Open scan (p.41)

Answer

Introduction

As of 2022, India has more than 100 unicorn startups

10 words

Main Body

As of 2022, India has more than 100 unicorn startups (valued at more than $1 billion).

Several Hurdles Faced:

1Lack of adequate funding resulting in cases around, impetus to scalability of start-ups

2Very complex and multilayered regulatory regime invites towards greater confusion and corruptance

3Recent poll check unit of PHS, IT rules amended should significant spend on India Intermediaries

4Lack of concrete corporate governance structure resulting in mismanagement, corruption, exploit harassment etc

5Recent post check unit of PHS, IT rules amended should significant spend on India Intermediaries

3Limited entry space to people from good college due to dependence on credentials over merit (Bangladesh etc)

4Lack of concrete corporate governance structure resulting in mismanagement, corruption, exploit harassment etc

5: BYJUS financial statement & recent video from Scoping Nirupae etc

6Overconfidence on Indian market resulted in customized products and problems are very difficult to scale outside

152 words2 paragraphs

Conclusion

Future of India - (1) Employment generation especially in labour-intensive industry suitable to Food Processing (2) Spice agglomeration of population due to high number of startup in digital services industry (3) Ripple economic effect on traditional industries → Seamless cash transaction due to UPI, Payment → Incoming of FDI amounting growth of financial sectors → Important for geostrategic autonomy through new indigenous defence tech → ASTROME tech's collaboration with Army

70 words

Examiner score

0.9/10

Open original scan

Page 41

Topper

Hrishikesh Rajendra

AIR 612419

Subject & Paper

GS2GS2

Topic

Development Processes - Role of NGOs, SHGs, Donors, and other Stakeholders

Roles of NGOs, Organizations

Entrepreneurship Ecosystem

Writing Stats

232

Total words

Paragraphs

analytical

Tone