Correct option is D
As of October 2024, India has successfully reached the milestone of 150,000 startups, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
Government Support: India’s startup ecosystem has been significantly bolstered by initiatives like Startup India, Atal Innovation Mission, and Make in India, which provide financial, policy, and infrastructural support to new ventures.
Regional Growth: The startup ecosystem is no longer concentrated in metro cities. Many states like Telangana, Karnataka, Maharashtra, and Uttar Pradesh are emerging as startup hubs.
Women Entrepreneurship: A notable increase in women-led startups has been observed, with various government schemes encouraging and enabling women entrepreneurs to start their businesses.
Additional Information:
Funding Support: Startups in India have attracted significant venture capital and angel investment, with more investors focusing on early-stage companies in areas like healthcare, e-commerce, and artificial intelligence.
Sectoral Growth: Technology-based startups in sectors like AI, machine learning, and blockchain are becoming increasingly dominant, along with SaaS (Software as a Service) solutions.
Global Recognition: India’s startups are being recognized globally, with several becoming unicorns (startups valued over $1 billion).
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100 Questions
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