Startups flourish
A total of 2,250 tech startups were founded in 2021. This resulted in 39% cumulative growth of Indian startups, according to a report by Nasscom. There are now a total of 25,000 to 26,000 Indian tech startups.The report says that the startup ecosystem is becoming an inclusive and diverse ecosystem. It also says that 10-15% of start-ups have at least one woman co-founder.
Startups raised $24.1 billion in 2021, a two-fold increase over pre-Covid levels. The government is also looking to reduce the compliance burden to boost the ecosystem.
