India ranks 3rd in Global Startup Ecosystem & Number of Unicorns: Union Minister Jitendra Singh.

August 13, 2022

India ranks third in the global Startup ecosystem and also in terms of the number of Unicorns. As per the latest data, there are currently 105 unicorns out of which 44 were born in 2021 and 19 in 2022.
The 49 per cent of the startups are from tier-2 and tier-3 cities.
The startups are emerging in the fields like IT, agriculture, aviation, education, energy, health and space sectors.
India has created a massive jump in its global ranking of Global Innovation Index (GII) from 81st in the year 2015 to 46th in 2021 among 130 economies of the world.
India ranks 2nd among 34 lower middle-income economies and 1st among 10 Central and Southern Asian economies in terms of GII.
The consistent improvement in the GII ranking is owing to the immense knowledge capital, the vibrant startup ecosystem, and some outstanding work done by the public and private research organisations.