Indian Startups Appeal to Over $150 Billion in Funding Amid Digital Revolution, ETCFO
New Delhi, There was a surge in non-public investments within the final 11 years, with Indian startups and rising entities attracting vital non-public funding to the tune of over $150 billion prior to now decade, Commerce and Business Minister Piyush Goyal mentioned on Thursday.
Greater than Rs 22,900 crore have been invested in over 1,270 startups through the federal government’s Fund of Funds for Startups scheme.
“India is embracing expertise like no different! This digital transformation is the result of the forward-looking imaginative and prescient and well timed coverage interventions underneath the management of Prime Minister Narendra Modi. Each part of society and each side of life has been positively impacted by 11 years of Digital India,” Goyal mentioned in a publish on social media platform X.
IP filings by the home startups surged from 2017 to 2024, with over 355 per cent progress in patents and greater than 543 per cent progress in logos.
India now ranks thirty ninth globally on the ‘World Innovation Index 2024’.
Goyal mentioned he’s proud to witness the profound influence of PM Narendra Modi’s revolutionary initiative ‘Startup India’ on boosting innovation and enterprise within the nation.
“The exceptional expertise of our youth and girls is powering this revolution and driving India’s financial progress with unparalleled vigour,” he talked about.
India has turn into the third-largest startup ecosystem on this planet, with greater than 1.5 lakh startups and over 100 unicorns.
“11 years of Digital India has empowered each citizen with seamless companies, monetary entry, and last-mile connectivity,” mentioned Minister of State for Commerce and Electronics and IT, Jitin Prasada.
The digital revolution, which started 11 years in the past, is entrenched in nearly each policy-making and public welfare scheme supply with elaborate plans on how one can deliver advantages to the poor, downtrodden and marginalised sections.
Prime Minister Modi took to X on Thursday and wrote about “leveraging the facility of expertise in bringing innumerable advantages for individuals”.
“Service supply and transparency have been significantly boosted. Know-how has turn into a method of empowering the lives of the poorest of the poor,” he additional mentioned.
–IANS
na/vd
