India ranks 3rd globally in start-up ecosystem: Minister Jitendra Singh

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India ranks globally third in Start-Up ecosystem and also in terms of number of Unicorns, said Union Minister of State (Independent Charge) Science & Technology Jitendra Singh.

As per the latest data, there are currently 105 unicorns, out of which 44 were born in 2021 and 19 in 2022.

The Minister said, the decade 2021-30 is expected to bring transformational changes for Indian Science, Technology and Innovation (STI).

He said Prime Minister Narendra Modi’s special focus on Science, Technology and Innovation has fired the imagination of the youth in the country to innovate and solve problems with new ideas. He also pointed out that India’s startups today are not limited to only metros or big cities and added that 49% of the start-ups are from tier-2 and tier-3 cities.

Singh said, India in its 75th year of Independence is now home to as many as 75,000 start-ups.

India ranks third among the most attractive investment destinations for technology transactions in the world as it has a strong focus on science and technology, the minister said.

He informed that India has created a massive jump in its global ranking of Global Innovation Index (GII) from 81st in the year 2015 to 46th in 2021 among 130 economies of the world.