Start-up India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. The action plan of this initiative is focussing on three areas: Simplification and Handholding. Under the Start-up India initiative, eligible companies can get recognized as Start-ups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.
Most popular and are also flourishing Startup Sectors
Financial Technology (Fintech)
One of the most noticeable changes in the fintech sector happened in recent years is the government’s enthusiasm to make India a cashless economy. As a result, a plethora of cashless payment technologies such as internet banking, mobile-driven POS, and digital wallets.
Healthcare Technology (Health Tech)
With the help of cutting-edge Technologies head Tech start-up ensures the easy accessibility to up-to-date medical records, history of genetic disorders, and lifestyle choices for effective and timely treatment. Some of the start-ups in this space of Care24, Practo, Health Kart, 1mg, Doctorinsta, Liberate, Potea, pharmeasy and Zoctor, among others.
For instance, data collection and real-time tracking can be more efficient with the help of the internet of things (IoT). Additionally, machine learning and artificial intelligence can be used for route optimization.
Enterprise tech has been transforming business in India and making them more efficient, productive, and profitable by introducing them ERP management and SaaS technologies. Numerous small and medium enterprises have successfully leveraged SaaS and other advanced techniques to optimize their process.
Food delivery Unicorn Zomato has generated a revenue of whopping $206 million for the FY 2018-2019, on the other hand global players like Flipkart, Paytm, and Amazon have already entered into the food retail and grocery delivery market.
These sectors are the most popular and are also flourishing very much. If you are thinking of starting a start-up look at these sectors. As they may cause you a nice profit and also make you very successful.