In the global start-up ecosystem, India is creating a hallmark and setting a path for future entrepreneurs ever since the evolution of the Indian Startup system began.

NASSCOM report based on StartupBlink’s ranking indicated India ranking third among the global start-up ecosystems with more than 4200 new-age companies in the IT Industry. India is considered to be the third largest ecosystem in terms of tech startups.

Apart from startup founders there are other major role players who also contribute to this mass ecosystem. They include incubators, accelerators, investors, service providers, educational and research institutions and large-scale companies. Business environment, infrastructure, business support, these are the essential parameters for the scope of the startup ecosystem. In enormous ways they constantly support the start-up base to sustain its presence and gain maturity in the market.

The Indian market has great potential for startup growth. It is striving towards developing a business friendly economy and a market where investors are at ease to carry out their operations.

India’s startup evolution traces back to two decades. After the development of technology brought improvised internet facilities which had a direct impact on startups. The country witnessed many startups entering the market.

The years 2010-2020 marked the decade of democratisation overcoming tremendous risks and uncertainties that existed from the previous decade.

Indian Startups rapidly grew with innovative and problem-solving solutions. Recently, the economy has transformed to create 50,000 tech startups, also encouraging women and student entrepreneurs. Hence, the country is progressing to call it ‘Digital India’ globally.

In the current scenario, the world has learnt to live with the COVID-19 pandemic that has hit the economy hard, while the intensified research and analysis is ongoing to control the economic status decline due to the pandemic.

The emerging trends have inspired many fresh tech startups to build sustainable ideas generating profitability. The result of which is India’s startup ecosystem evolving as third-largest in the world.