Qatar World Cup 2022FIFA World Cup 2022 Highlights | Japan vs Spain; Costa Rica vs Germany

Corruption, delays hamper startups in India: survey

The Start Up India mission should go beyond digital/technology startups and enable entrepreneurship at the grassroot level

January 05, 2016 11:34 pm | Updated November 17, 2021 03:13 am IST - NEW DELHI:

Corruption and delays are preventing the growth of entrepreneurship in India, according to a new survey.

The survey, undertaken by social media network, LocalCircles, showed nearly 60 per cent of the citizens felt these bottlenecks were some of the biggest hurdles to growth of entrepreneurship in the country while only 14 per cent felt funding to be the main impediment.

The survey comes in the backdrop of Prime Minister Narendra Modi scheduled to > announce ‘Start-Up India Plan’ next week .

“About 35,000 unique people voted in the survey. Being a startup, it was also an eye-opener for us. We believed people would say capital was the biggest issue. However, about 60 per cent said corruption and bureaucratic and process inefficiencies were the biggest hurdles,” Sachin Taparia, Chairman and CEO of LocalCircles told The Hindu .

Ninety-eight per cent of the respondents said the >Start Up India mission should go beyond digital/technology startups and enable entrepreneurship at the grassroot level. Asked if the Central or State governments can be effective and efficient funding bodies for startup projects, 58 per cent of the people replied in the affirmative.

Commenting on the expectations from the mission, K. Yatish Rajawat, Chief Strategy Officer, LocalCircles, wanted a single window facility.

Top News Today

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.