With over 140,000 recognized startups, more than a hundred unicorn companies, and over $150 billion in funding, India now stands as the world’s third-largest startup ecosystem, said Reserve Bank of India (RBI) Governor Shaktikanta Das.

He made this statement while speaking at the "RBI@90" Central Banking Conference. Das praised the growth of India’s startup ecosystem, which is backed by the country’s world-class Digital Public Infrastructure (DPI). He highlighted that the DPI developed by India has facilitated the development of high-quality digital financial products and has vast potential for international transactions.

In September 2024, Commerce Minister Piyush Goyal launched a new digital platform called Bharat Startup Knowledge Access Registry (BHASKAR). This centralized platform connects various stakeholders in the startup ecosystem, including startups, investors, mentors, service providers, and government bodies.

Goyal also mentioned the government's plan to launch a new non-profit company under Section 8 of the Companies Act, which would consolidate all initiatives under the Startup India program. It is expected to operate similarly to Invest India, a public-private partnership that promotes investments in India.

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