Sreejita Talukdar, Content Writer, siliconindia

India has evolved into a boastful hub of businesses which is regarded as the fastest growing economy globally with its GDP jumping with 8.2% of growth in the fiscal year ended in March 2024. The prime reason of attaining such exponential height is undoubtedly the burgeoning growth of Indian Startup ecosystem. Indian government is continuously assisting these young birds with boiling bloods to flourish more through Startup India Initiative.

This year Startup India completed its 7th anniversary and its annual report unveiled that, Indian Startup ecosystem is gradually elevating with 7x increase in the number of incubators, a 9x increase in the number of investors, and a jaw-dropping 15x increase in the total funding for startups. This highly potential ecosystem is further attracting the investors and entrepreneurs offering abundant opportunities.

Youth of India are able to cultivate golden crops even in the barren lands and extract wonderful amazement with their bewildering efforts and unmatched talents

The startup India hub which was inaugurated under Modi Government, is working as a pivotal platform startup enthusiasts and investors, which is driving an impressive user base of over 6 lakhs individuals actively engaged in the startup ecosystem. This dynamic and ever evolving talented bunch of individuals not only fostered the creative innovation but they have also accelerated the process of generating more than 1 million jobs across the nation.

This tremendously propelling ecosystem widened the path of engendering more 112 unicorn startups which are valued over $1 billion. This sudden upsurge in the number of unicorn startups has given birth to a robust and competitive global ecosystem. With more number of unicorns Indian startup ecosystem is taking part in the global competition and they are fostering building strategic alliances and partnerships on an international scale.

Modi Magic on Startup Mahakumbh

“Startup has become a social culture and no one can stop a social culture”, - Narendra Modi