International Journal of Scientific Research and Engineering Development
( International Peer Reviewed Open Access Journal ) ISSN [ Online ] : 2581 - 7175
Impact of COVID-19 on the Start-Up Industry
|International Journal of Scientific Research and Engineering Development (IJSRED)|
|Published Issue : Volume-3 Issue-6|
|Year of Publication : 2020|
|Unique Identification Number : IJSRED-V3I6P16|
|Authors : Dr. Bhavneet Kaur, Ms. Palak Goel|
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With a sudden outbreak of the novel coronavirus in December 2019, the global economic system has shaken up. Almost all the sectors of the economy across various countries in the world are affected by the epidemic. The reflective effects have been observed across India as well. The present study attempts to explore the impact of crises on start-up industry in our country. It builds upon the secondary and primary data to arrive at the conclusions.
The outcome of the study indicates that that the COVID-19 crisis has brought a see change in start-up investment patterns. According to this paper, the impacts of pandemic on startup industry can be summarized as- lack of growth, innovation, funds and use of extreme measures in an attempt to survival. Further the factors like fear in the minds of respondents, dilemma regarding their future entrepreneurial pursuits anduncertaintyas to the future add to this and worsen the situation. The findings of the present study also suggest a high level of awareness for revised MSME guidelines and further underlines the role of government to ease the situation.