India's Startup Surge: A New Era of Entrepreneurship

Union Minister Jitendra Singh highlights India's rise to the world's third-largest startup ecosystem with over two lakh ventures. The success reflects nationwide efforts, including the notable purple revolution and increasing contributions from Tier-2 and Tier-3 cities, alongside significant participation from women-led startups.

On Friday, Union Minister Jitendra Singh announced a notable transformation in India's entrepreneurial landscape, with the country now hosting over two lakh startups, ranking it as the third-largest startup ecosystem globally.

Speaking at a startup camp in Jammu, Singh emphasized the nation's journey from just 350-400 startups a few years ago to its current robust standing, reflecting immense progress and accomplishment. He highlighted the emergence of Doda as the birthplace of the purple revolution, marking a significant milestone in the Startup India initiative.

The minister underscored the increasing role of agriculture and non-metropolitan contributions in the startup domain, breaking traditional associations with IT and metropolitan dominance. He also praised the growing influence of women entrepreneurs, who now lead a substantial portion of these startups, illustrating a shift towards inclusive growth.

(With inputs from agencies.)