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The Indian Startup Ecosystem and Policy Implications

Author

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  • Han, Hyoungmin

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Kim, Jeong Gon

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Kim, Doyeon

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Lee, Sunghee

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

  • Pek, Jong Hun

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

A startup refers to a company with ideas and innovative technologies, which have a short period of experience. Recently, startups are leading the fourth industrial technological innovation and affecting job creation and industrial productivity growth, so that its economic importance is increasing. In particular, India is emerging as a startup powerhouse based on its fast-growing economy and relatively cost-efficient excellent talent pool. Also, global investment towards the Indian startup market is increasing. While the number of Korean companies entering the Indian startup market is increasing, only a few have made stable inroads into the market. Based on quantitative data, literature analysis, corporate case analysis, surveys, and in-depth interviews, we objectively identified the Indian startup ecosystem and drew policy implications to increase the accessibility of Korean firms to the Indian market.

Suggested Citation

  • Han, Hyoungmin & Kim, Jeong Gon & Kim, Doyeon & Lee, Sunghee & Pek, Jong Hun, 2021. "The Indian Startup Ecosystem and Policy Implications," World Economy Brief 21-31, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2021_031
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    Keywords

    India; startup; investment; quantitative data; literature analysis; survey; policy;
    All these keywords.

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