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With over 1.4 lakh startups, $150B funding, India has third most vibrant startup ecosystem

21 Oct, 2024

RBI Governor Shaktikanta Das acknowledged India as the world's third most vibrant startup ecosystem, featuring over140,000 startups, over a hundred unicorns, and $150 billion in funding. This growth is credited to India's advanced digital public infrastructure (DPI), which supports innovative financial products and cross-border payments. Initiatives like the Bharat Startup Knowledge Access Registry (BHASKAR) enhance stakeholder connections. However, the technology startup sector saw a decline in funding and deal counts in early2024, with Das warning about potential financial stability risks from reliance on dominant AI and ML technologies.

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