Vol. 5, Issue 7, Part D (2019)

Abstract
Entrepreneurship is vital for job creation, economic growth and problem-solving. It also reflects a society’s capacity for boldness, risk-taking and creativity. More specifically, according to the Global Entrepreneurship Development Institute (GEDI), there is a strong positive association between entrepreneurship, economic growth and innovation. The GEDI has recently released it’s 2018 Global Entrepreneurship Index, a ranking of 137 countries. Countries are ranked on 14 criteria: Opportunity perception (whether the population can identify opportunities to start a business), start-up skills, risk acceptance, networks, cultural support, opportunity start-up (whether entrepreneurs are motivated by opportunity rather than necessity), technology absorption; human capital, competition, product innovation, process innovation; high growth (business intention to grow); internationalization and risk capital availability. According to GEDI, India is ranked 68th out of 137 countries, a “middling” performance. As per the Asia Pacific region, India is again in the middle position, 14th out of 28 countries. The present study is a theoretical study of the Start-up Life Cycle in Indian context.