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India witnessed a rough phase with its economy down to 5% for the initially quarter of the fiscal year 2019, which is the lowest in six years. Startup News India put light on what is happening in the startup ecosystem. Even although, there are unicorn startups that rose amidst the financial slowdown. According to Prosperous startup news, the recession is the mother of numerous unicorn startups. The rapid expansion of tech-based startups is a different scenario. Though startups concentrate on attraction. This signifies the startup ecosystem relies on adding a lot more shoppers for their development. Are Startups affected due to the economic slowdown? Financial Slowdown is in fact a boon to the startup ecosystem, as it takes benefit of the troubles of recession. Due to this, the majority of people today have to lose their jobs and look for entrepreneurship. Whilst the present financial slowdown has adverse effects on large corporations or organizations. These corporations rely on income for its development and expansion. Retention of extra clients.
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