HOW INDIA CAN BECOME THE WORLD’S LEADING STARTUP ECOSYSTEM

India's startup ecosystem is thriving, with over 100 unicorns and 1,59,157 startups recognized. The government introduced the Startup India Initiative, offering tax benefits, simplified compliance, and funding support. Capital investment reached $4.1 billion in 2024, but challenges include talent retention, market saturation, low R&D spending, weak collaboration, and patient capital access.

Last Updated on 18th January, 2025
10 minutes, 20 seconds

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Copyright infringement not intended Picture Courtesy: TURBOSTART Context: India's startup ecosystem has grown rapidly in recent years, with more startups and funding than ever before. It has now become the third-largest startup ecosystem in the world.  Definition of a startup in India A startup in India is an entity that meets the following criteria: It is headquartered in India. It has been in existence for less than 10 years. It has an annual turnover of less than ₹100 crore. Entities formed by splitting or reconstructing existing businesses are excluded from the definition of a startup. Current status of startups India ranks as the third-largest startup hub globally, behind the United States and China. The country has over 100 unicorns, which are privately held startups valued at over $1 billion. India is followed by the UK and Germany in terms of the number of unicorns. As of January 15, 2025, India has 1,59,157 startups recognized by the Department for Prom...

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