Policy analysis reveals start-ups promote economic growth in India, suggesting reforms in legal frameworks and sustainability.
India’s journey toward the vision of Viksit Bharat @ 2047 positions innovation-driven entrepreneurship as a critical driver of inclusive and sustainable growth. Start-ups play a transformative role in promoting technological development, employment generation, and global competitiveness. This paper examines the legal and policy frameworks that govern start-ups in India, including DPIIT recognition, tax incentives, intellectual property rights (IPR) mechanisms, and investment regulations. It further evaluates how these frameworks align with constitutional values of equality, democracy, and sustainability. Using secondary data and policy analysis, the research identifies key challenges such as financial barriers, compliance burdens, regional disparities, and labour protection gaps. The study proposes a strengthened legal roadmap to enhance equitable, democratic, and green innovation. It concludes that a balanced and future-oriented legal framework rooted in constitutional principles is essential for harnessing the full potential of start-ups in shaping Viksit Bharat @ 2047.
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Bhushan Thakur (2025) studied this question.
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