| dc.description.abstract | VC industry has seen an influx in India in the year 2014, and then after it is just expanding. Government reforms, which started from 1991 to open the Indian economy has continued in all successive governments irrespective of political association. India has seen a single party stable government from 2014 onwards. It happened after 30 years, and this government does not have a serious concern related to the compulsion of a coalition government, which was a significant hurdle in the past government's associated with the acceleration of reforms in the economic policy of India. It was noticed not only by Indian citizens but recognized by world leaders that the government has accelerated reforms related to Ease of Doing Business in India. And we can see the change reflected in the world bank doing business ranking. India has improved its rank from 142 in 2014 to 63 in 2020. It was a remarkable journey, and the government of India introduced significant reforms. The considerable reforms are the Goods and Service Tax (GST -One Nation One Tax), Special Economic Zone (SEZ) setup, Economic Corridor (Near the major Metropolitan city), Insolvency and Bankruptcy law (IBC), Real Estate Regulatory Authority (RERA), One Nation one Ration card, Heath Insurance, Atal Pension Scheme, Land reform, and Labor reforms. Few of these initiatives have started by earlier governments, and the current government does finalization on law and execution. Except this government has begun a few key initiatives to attract investment in this country, they are Make in India, Digital India, Skill India, and Start-up India. We have tried to understand private investment in India in the last two decades and how it has helped start-ups and entrepreneurial culture in the Indian young generation and how it influences the Indian economy and job market. We have also studied various research reports published in the last two decades by consultancy firms, Media Houses, World Bank, and Annual report published by different Ministries of the Government of India. It helps us to gather information about reforms related to economic policies and analysis of the journey of the start-up and venture capital industry in this period. | en_US |
