India home to over 100 unicorns, ranks 3rd in global startup ecosystem: Minister

India ranks third within the world Startup ecosystem and likewise by way of the variety of Unicorns. As per the newest knowledge, there are at the moment 105 unicorns out of which 44 had been born in 2021 and 19 in 2022.

Union Minister of State (Unbiased Cost) Science & Expertise, Jitendra Singh whereas delivering a keynote tackle at ‘DST StartUp Utsav’ at Dr Ambedkar Worldwide Centre, stated that Prime Minister Narendra Modi’s particular deal with Science, Expertise and Innovation has fired the creativeness of the youth within the nation to innovate and clear up issues with new concepts. He additionally identified that India’s startups at the moment will not be restricted to solely metros or massive cities and added that 49 per cent of the startups had been from tier-2 and tier-3 cities. He stated, we’ve got startups rising within the fields like IT, agriculture, aviation, training, power, well being and house sectors.

The minister stated, India ranks third among the many most engaging funding locations for know-how transactions on the planet because it has a robust deal with science and know-how. Singh stated India is among the many topmost international locations on the planet within the discipline of scientific analysis, positioned as one of many prime 5 nations within the discipline for house exploration and likewise actively engaged in rising applied sciences resembling quantum applied sciences, synthetic intelligence, and so forth.

The minister knowledgeable that India has created an enormous soar in its world rating of International Innovation Index (GII) from 81st within the yr 2015 to forty sixth in 2021 amongst 130 economies of the world.

India ranks 2nd amongst 34 decrease middle-income economies and 1st amongst 10 Central and Southern Asian economies by way of GII. The constant enchancment within the GII rating is owing to the immense information capital, the colourful startup ecosystem, and a few excellent work achieved by the private and non-private analysis organisations, the Minister added.