"Analyzing Factors Contributing to Startup Failures in India: A Comprehensive Study"

Abstract

Every startup that fails in an entrepreneurial ecosystem becomes an orphan because of the high failure rate of new businesses. For the entrepreneurs in the ecosystem, this behavior increases the price of failure. Failed startups have a lot to teach the ecosystem and can provide advice to aspiring business owners. The purpose of this study is to determine why numerous impacts and contributing variables lead to and contribute to the failure of startups in India. In our country, the vast majority of people prefer services to corporations. Unfortunately, our school system does not place a strong emphasis on the benefits of entrepreneurship. Many of the universities do not focus on the entrepreneur mindset. The development of entrepreneurship is not compatible with the educational system in India. Talented individuals can find work in the public sector, the private sector, or in white-collar positions.