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Geography Optional 300+ Score Pack · Model answer

Startups may play important role in giving fillip to economic growth in India. Illustrate with examples.

  • UPSC 2018
  • Industry

Formalisation of informal demand: payment and broking ventures built on the Unified Payments Interface (2016) - PhonePe and Razorpay in Bengaluru, Zerodha in the same city - have pulled cash transactions and household savings into recorded, taxable, credit-scorable channels, widening the fiscal and financial base rather than merely shifting it.

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What the full answer covers

  • Channels Through Which Startups Transmit Growth
  • The Geography: Why Formation Concentrates
  • Tier-2 Diffusion, and Its Limit
  • Verdict

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