Prime Minister Narendra Modi commended India’s thriving startup environment, emphasizing its inclusive nature and abundant opportunities for a developed India. In response to Commerce Minister Piyush Goyal’s social media post, PM Modi lauded the nation’s shift towards aspiration and innovation, noting the transformation from seeking to creating.
Goyal’s article marking the National Startup Day highlighted India’s evolution into one of the world’s largest startup ecosystems through the government’s Startup India initiative, which has fostered a dynamic and inclusive environment nationwide. The initiative has harnessed the entrepreneurial spirit of the youth, leading to job creation and economic growth.
The success of the Startup India initiative is evident in the 2 lakh government-recognized startups in India, generating over 21 lakh job opportunities, with a record 49,000 startups recognized in 2025 alone. India now ranks as the third-largest startup ecosystem globally, with funding amounting to Rs 15 lakh crore, fueling industry growth.
The emphasis on inclusion has been pivotal, with women-led startups comprising over 45% of recognized ventures, and nearly half of the startups based in non-metro cities, underscoring the rising innovation and growth in Tier 2 and 3 cities. Noteworthy progress over the past decade includes a heightened focus on innovation and deep technology, leading to India’s improved ranking in the Global Innovation Index and further government backing for deep tech ventures.
