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Status of startups in India

In January 2016 Prime Minister Modi announced the "Startup India" initiative to support startups

Indian Prime Minister Modi has set up a government support strategy to support the startup ecosystem. These are some of the Indian startup trends which are attracting attention from all over the world.

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Status of startups in India

India is currently the leading country in global economic growth rate and achieved a GDP growth rate of 7% last year.  India is expected to become the world's No. 1 most populous nation in 2050 with about half the people being 28 years old or younger. This means India will be able to support a high labor economic growth rate in the future.

Meanwhile, the Government of India set up a venture ecosystem as a flagship strategy and launched a startup supporting measure.  This report explains India's startup trends, which get high attention from all over the world.

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