๐READ THIS AND SHARE YOUR VIEWS ON THIS ๐ In 2024, over 12,000 Indian startups shut down, marking a significant shift in the ecosystem. This wave of closures isn't seen as a crisis but as a necessary correction towards sustainability and financial discipline. The decline in new startups and acquisitions indicates a move from rapid, unchecked growth to a focus on resilience and long-term viability. Sectors like agritech and fintech faced high failure rates due to overexpansion without solid foundations. Government initiatives, including the Startup India program and substantial funding schemes, are supporting this transformation, fostering a more robust and enduring startup landscape. Source:- https://www.tice.news/tice-trending/indias-startup-shakeup-12000-failures-but-the-best-era-begins-9000121
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