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India’s startup boom, fueled by government support, has surged from 91st to 38th globally, with 1.92 lakh startups and 120 unicorns, projecting top 10 status within three years.
India has risen from 91st to 38th on the Global Innovation Index since 2015, with officials projecting it will enter the top 10 within three years.
The country’s startup ecosystem, now the world’s third-largest, boasts 1.92 lakh registered startups and over 120 unicorns valued at more than $350 billion.
Driven by the Startup India initiative, the sector has created 17.9 lakh jobs, with 52% of startups in tier-II and tier-III cities and 48% founded by women.
Annual new startups number about 17,000, including 9,000 in smaller towns.
Gujarat leads with 16,000 startups and Ahmedabad among the top four startup cities.
Government support includes a ₹10,000 crore fund of funds, expanded loan limits, and tax incentives, while private investment is encouraged to sustain growth.
El auge de las startups de la India, impulsado por el apoyo del gobierno, se ha disparado del puesto 91 al 38 a nivel mundial, con 1.92 lakh startups y 120 unicornios, proyectando el estado de los 10 primeros en tres años.