Union Commerce and Industry Minister Piyush Goyal said that the startup fraternity should nurture 75 more unicorns in 2022.
Startups, a key factor
Indian startups are rising at a rapid pace with more new-age businesses reaching the $1 billion valuation. India currently has around 82 unicorns. The Commerce Minister said that Indian startups have turned the covid-19 crisis into an opportunity. He also said that successful startups should reach out to entrepreneurs and startups in the smaller towns and villages. Startups should also aim at catering to new and unexplored sectors. Startups have been a key factor for India to rise in the global innovation index from 76 in 2014 to 46 in 2021.
