India’s startup ecosystem has reached a remarkable milestone, with more than 2 lakh startups now registered across the country. Union Minister Piyush Goyal announced this impressive figure, highlighting how these ventures have generated over 21 lakh employment opportunities for the youth.
Speaking at a recent event, Goyal emphasized the government’s unwavering support through initiatives like Startup India. ‘From a handful of innovators to over 200,000 registered startups, this journey reflects India’s entrepreneurial spirit,’ he stated. The minister pointed out that this growth has been fueled by simplified regulations, increased funding, and a culture of innovation.
The numbers tell a compelling story. In just a few years, India has leaped from being a nascent startup hub to the third-largest globally, trailing only the US and China. Sectors like fintech, edtech, healthtech, and agritech are leading the charge, with unicorns emerging at an unprecedented rate.
Goyal also shared insights into the demographic dividend. Over 21 lakh direct jobs have been created, empowering millions, especially in Tier-2 and Tier-3 cities. ‘This is not just about numbers; it’s about transforming lives and building a self-reliant India,’ he added.
Looking ahead, the government plans to further ease doing business norms, boost venture capital inflows, and promote women-led startups. With recognitions like 100 unicorns and numerous global accolades, India’s startup story is set to inspire the world. As Goyal put it, ‘The future of innovation is being scripted right here in India.’