Prime Minister Narendra Modi on Friday highlighted the country’s vibrant startup ecosystem, saying it is helping creators grow in an inclusive set-up and opening up innumerable opportunities for a Viksit Bharat.
Responding to a post by Commerce Minister Piyush Goyal on the social media platform X, PM Modi stated: “Today’s India believes in aspiration and creation; they are creating what they once used to seek!”
The Prime Minister was referring to an article by the minister on the country’s startup ecosystem, as the government’s Startup India initiative completes 10 years since its launch.
Goyal said in his article—written to mark National Startup Day—that India now has one of the world’s largest startup ecosystems. The Startup India initiative has evolved into an inclusive and innovative ecosystem across the country, channelling youthful entrepreneurial energy to create jobs and accelerate economic growth.
The minister added that proof of the stellar success of the Prime Minister’s pathbreaking Startup India initiative lies in the more than 2 lakh government-recognised startups in the country, which have generated over 21 lakh job opportunities. In 2025 alone, more than 49,000 startups were recognised, marking the highest annual growth since Startup India began.
“India is now the third-largest startup ecosystem in the world, with Rs 15 lakh crore in funding boosting the industry,” he said.
Inclusion has been a cornerstone of this journey. Women-led entrepreneurship has emerged as a major strength, with more than 45 per cent of recognised startups having at least one woman director. About half of the startups are based in non-metro cities, highlighting the growing role of Tier 2 and Tier 3 cities as engines of innovation and growth, the minister observed.
A defining shift over the past decade has been the growing focus on innovation and deep technology. India’s rank in the Global Innovation Index has improved from 81 in 2015 to 38 last year, and government support for deep-tech ventures is expected to improve it further, the minister added.
–IANS
