Sreejita Talukdar, Content Writer, siliconindia

Startups Refining Innovations & Reviving Economy

The magical touch of science has given the human a strong wing to fly and proclaim themselves the best creature on earth. Science & technology has come across a long path bringing a wide range of innovations in our life which has made our life cozy, comfortable, and peaceful. As the days are progressing, technology is driving the human life and upgrading it through numerous innovative and cutting-edge technologies.

In every sphere of economy technology has made its strong footprints and uplifted them by improving productivity of individuals and various business organizations. This wave of scientific progress is continuously fostering the development of more advanced creations. Today, every corner of the industry is widely driven by leveraging the pre-eminence of technology and earning lucrative profits. After going through the biggest hurdle of recent times, pandemic, we have completely realized the value of technology. Scientific advancement and new technologies have revived the dying and drooping economy alone and introduced us with lot of new ideas and operations like, EdTech, HealthTech, ClimateTech, CleanTech, AgTech and more.

Why Startups are significant for upgrading economy?

Startups are the anchors of such creative innovations. Their unwavering efforts and enthusiastic ideas have redefined the foundation of the industry and way of doing business by introducing smartest and trailblazing high yielding technics & tactics.

Startups are the focal point from where the golden ray of hope is diffracting and brightening up every nook and corner of the industry making the life of every individual happening. Not only they are inventing an innovation, but they are helping the economy to heal from the grass-root level by creating a lot of job opportunities, bolstering-up the societal condition of women and minorities by burning the fire of entrepreneurial spirit.

Currently, India is the 3rd largest startup ecosystem in the world with nearly 1,17,254 startups which has created 12.42 lakh direct jobs. Startups are creating wealth by attracting investors to park their wealth in their firm instead of depositing in bank. They are unveiling new markets and new opportunities by redefining the existing products, services, and ideas. Startup incubators are vigorously helping the young visionaries with ground-breaking ideas and guiding them with proper modernized techniques and path to help them shine bright.

The big secret in life is that there is no big secret. Whatever your goal, you can get there if you’re willing to work. - Oprah Winfrey, Entertainer and Entrepreneur