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1.4 lakh start-ups, $150 billion investment: India has world's third-largest start-up ecosystem, says RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das said India is now home to the world's third-most active startup ecosystem, with over 140,000 recognised startups, more than 100 unicorn companies and investments of over $150 billion.

He was speaking at the "RBI@90" central banking conference. Das also praised the growth of the Indian start-up ecosystem in the context of India's world-class digital public infrastructure (DPI). The Governor pointed out that the DPI developed by India has helped in the development of high-quality digital financial products, which is emerging as a huge potential for international transactions.

In September 2024, Commerce Minister Piyush Goyal launched a new digital platform called Bharat Startup Knowledge Access Registry (BHASKAR). It is a central institution for connecting various stakeholders of the start-up ecosystem such as start-ups, investors, mentors, service providers and government bodies.

Goyal had said that the government has plans to start a not-for-profit company to integrate all the ventures in the Startup India programme under Section 8. It is expected to be a public-private partnership model of the government, similar to Invest India.

As of October 14, 2024, the number of registered startups has crossed 1.5 lakh.

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Jeroj

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October 23, 2024

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