India’s startup ecosystem has grown rapidly in the last decade, becoming the third largest in the world. The number of startups in India has increased from around 400 in 2016 to over 150,000 in 2024.

Factors contributing to growth:

1.Government support: The government has introduced initiatives to support startups, including regulatory reforms and a fund of funds

2.Access to capital: Startups have access to venture capital, private equity, and credit

3.Digital access: The availability of affordable internet has expanded the consumer base for startups

4.Young workforce: India has a young and dynamic workforce

5.Women entrepreneurs: Women play a crucial role in driving innovation and economic growth