Summary: Union Minister Piyush Goyal anticipates that India’s government-registered startups will reach 10 lakh (1 million) within the next decade, driven by strong entrepreneurial initiatives.
Currently, India has 1,57,000 registered startups, a massive increase from just 450 in 2016. The government has introduced key programs such as the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme, and Credit Guarantee Scheme for Startups, providing essential financial support.
With continued government backing, India’s startup ecosystem is expected to drive economic growth, job creation, and technological advancement, solidifying its position as a global hub for innovation.
Union Minister of Commerce & Industry, Piyush Goyal, has expressed confidence that the number of government-registered startups in India will reach 10 lakh (1 million) within the next decade, fueled by robust initiatives promoting entrepreneurial growth.
Currently, India boasts 1,57,000 registered startups, a remarkable surge from just 450 in 2016. This exponential growth underscores the nation’s thriving startup ecosystem and the increasing support extended to aspiring entrepreneurs.
The Indian government has rolled out several key initiatives to bolster startups, including the Fund of Funds for Startups (FFS), the Startup India Seed Fund Scheme, and the Credit Guarantee Scheme for Startups. These programs have been instrumental in providing crucial financial assistance across various sectors and stages of business development, ensuring that startups receive the necessary funding to scale and innovate.
India’s growing startup landscape is set to play a pivotal role in economic expansion, job creation, and technological advancement, making it a global hub for innovation and entrepreneurship. With continued government support and favorable policies, the country is well on track to achieving its ambitious startup milestone.
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Last Updated on Monday, February 17, 2025 7:30 am by Entrepreneur Edge Team https://entrepreneuredge.in/
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Sai Jyothi