According to Commerce Minister Piyush Goyal, 75,000 startups now call India home

3 Aug 2022 , 11:41 AM

The Minister of Commerce and Industry stated in a tweet “These figures demonstrate the strength of a vision. a desire to see growth driven by enterprise and innovation.” In his tweet, Mr. Goyal stated that “India is now home to 75,000 startups in the 75th year of Independence and this is merely the beginning.”

The minister recently stated that the nation hopes to have the world’s largest startup ecosystem.

Goyal had previously urged startups to incorporate and list in India rather than leaving the nation “simply for few bucks extra.”

The Startup India initiative, which was originally designed to give companies a supportive atmosphere, has developed into a launchpad for them. The Startup India programme has come to be associated with sustainable economic growth in a variety of ways, such as through funding and tax incentives, support for intellectual property rights and simplified public procurement, facilitation of regulatory reforms and access to international festivals and events.