Indian Start-Up Ecosystem: How It Adds To India's Economy And The Way Ahead

Budget 2024 Expectations: The success of the Indian start-up ecosystem has led to massive employment generation, nurturing of talent, and fostered a culture of innovation and risk-taking

With schemes like the Startup India, Startup India Seed Fund Scheme, and Credit Guarantee Scheme, the government has boosted support to start-ups at various stages of their business cycle. ( Image Source :Getty )

Indian start-ups have logged remarkable growth in recent years and India has emerged as the third-largest start-up ecosystem in the world. The last two decades have seen the entrepreneurship spirit boom with the growth of the start-up environment in the country.Between 2014 and June 2023, more than 68,000 start-ups have been launched in India, highlighting the nation as the hotbed for innovation. According to Inc42's 'The Ecosystem' 2023 report, the start-ups in the country are estimated to add