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Startup India: Catalysing growth and innovation
Financial Express Lucknow|January 15, 2025
INDIA HAS EARNED its place as the 3rd largest startup hub globally, with over 100 unicorns shaping the future of innovation and entrepreneurship.
- CHANDRAJIT BANERJEE

Recognised as a powerhouse of entrepreneurial spirit, the country boasts of 157,066 startups acknowledged by the department for promotion of industry and internal trade (DPIIT) with more than 1.6 million jobs created.

Over the last decade, the entrepreneurial landscape in India has undergone a paradigm shift, transforming cities like Bengaluru, Hyderabad, Mumbai, and Delhi-NCR into vibrant epicentres of innovation. This transformation has been fuelled by widespread access to affordable internet, a young and dynamic workforce, and the emergence of startups across diverse sectors, including fintech, edtech, healthtech, and e-commerce.

Recognising the immense potential of startups to drive economic and societal change, the central government has introduced a series of forward-thinking initiatives to support and nurture entrepreneurship.

India has emerged as one of the world's most dynamic startup ecosystems, and at the heart of this transformation lies the government's flagship initiative, Startup India. Launched in 2016, Startup India has played a pivotal role in fostering entrepreneurship, spurring economic growth, and positioning India as a global leader in innovation.

Startup India was envisioned as a platform to address critical challenges faced by budding entrepreneurs, such as access to funding, regulatory hurdles, and lack of market opportunities. The initiative's objectives were clear: encourage innovation, create jobs, and transform India into a hub for startups. Through a combination of policy measures, financial support, and ecosystem-building activities, this initiative is aimed to democratise entrepreneurship and make it an accessible aspiration for all.

هذه القصة مأخوذة من طبعة January 15, 2025 من Financial Express Lucknow.

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هذه القصة مأخوذة من طبعة January 15, 2025 من Financial Express Lucknow.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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