Upcoming Indian Tech Startup Ecosystem Trends For 2019
The growth of the Indian economy may be increased by the better utilisation of resources with new technologies and industries of startups. Startups may contribute to improved economic vitality and can support economic openness and skills improvement based on technological and business innovation.
In 2018, trends shaping the startup ecosystem in India were consumerism and digital adoption. The average age of startup founders is 28 years and more than 9% of founders are women. In the next decade GDP of the country may be doubled. There is an increasing trend of contribution of domestic consumption to GDP. Urban-rural aspirations and behaviours are blurring. Indians are willing to spend on goods and services that assist them in their work, improve their education or take them up the value scale.