Number of startups in India rises to 100,000

The authorities now support 100,000 startups and 113 unicorn companies (firms whose capitalisation has exceeded US$1 billion in a short period of time) established in the country. This is reported by ANI, a partner of TV BRICS.

The startups are often related to innovative sectors such as financial technology, e-commerce, education technology and artificial intelligence.

Earlier, India's Minister of State for North Eastern Development Jitendra Singh highlighted Narendra Modi's role in strengthening the country's position in the economic arena. He said the country is now the fifth largest economy in the world and its position in the global innovation index has become more stable.

Singh emphasised the authorities' commitment to fighting climate change, developing green energy and promoting innovation.