Gone are the days when big corporations and govt run entities were the driving force behind economies. In the recent years, people have taken the initiative to build their own startups and businesses, most of them aimed at disrupting the existing technologies or markets to make the lives of millions easier. The advantages of startups for any economy is multiple-fold. In addition to progress in various sectors, these startups also create thousands of jobs which in turn add value to the economy while improving the standards of living both within and outside the country.
Today, we are witnessing a remarkable shift in economic power dynamics. No longer are large corporations and government entities the sole drivers of growth; instead, innovative startups are taking center stage. These agile businesses are not only pushing the boundaries of technology and market norms but also contributing significantly to economic development. By generating new employment opportunities and fostering competition, startups play a crucial role in enhancing economic vitality and elevating living standards on a global scale.