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.

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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