India Celebrates a Decade of Startup Innovation and Growth

India's startup ecosystem marks ten years of the Startup India initiative, with over 50 startups recognized daily. The initiative, bolstered by Rs 15 lakh crore funding and reforms, has transformed India into the world's third-largest startup hub, fostering innovation and democratizing opportunities beyond metropolitan areas.

India's startup ecosystem is celebrating a decade of extraordinary growth, driven by the Startup India initiative, which has revolutionized the economic landscape. Official data shows that more than 50 new startups are birthed every day, highlighting an unprecedented boom across the nation.

Union Minister Piyush Goyal commemorated the achievement, emphasizing the initiative's transformative impact on job creation and economic empowerment. With India now being the third-largest startup ecosystem globally, Rs 15 lakh crore in funding has been pivotal in overcoming bureaucratic challenges and fostering entrepreneurship.

Launched in 2016, the initiative has expanded from a few ventures to over 200,000 recognized startups, spreading opportunities into Tier-II and Tier-III cities. Minister Goyal expressed confidence in future growth, citing strong international trade partnerships as key to unlocking further potential for Indian startups to leave a global mark.

(With inputs from agencies.)