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The number of newly founded startups has increased from 733 in 2016–17 to over 14000 in 2021–22, making India the third largest startup ecosystem in the world after the US and China. [3] Among them, around 6600 startups have been in the FinTech industry, evaluating a market value of US$31 billion in 2021. [4]
In 2019, India was ranked at 63rd place out of 190 countries in the World Bank's ease of doing business index, [25] up from 130th in 2016. [26] In February 2017, the government appointed the United Nations Development Programme (UNDP) and the National Productivity Council "to sensitise actual users and get their feedback on various reform measures."
The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
In 2017 the government of Vietnam opened discussions with the government of India on emulating its use of cybersecurity and egovernance. [55] At the launch ceremony of Digital India Week by Prime Minister Modi in Delhi on 1 July 2015, CEOs from India and abroad committed to invest ₹ 224.5 lakh crore (US$2.6 trillion) towards the initiative. [56]
India's interest in space travel began in the early 1960s, when scientists launched a Nike-Apache rocket from TERLS, Kerala. [6] [7] The Indian National Committee for Space Research was subsequently set up, which later became the Indian Space Research Organisation (ISRO) [11] functioning under a new independent Department of Space (DoS) in the 1970s under the Prime Minister of India.
This is a list of unicorn startup companies: In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more. Notable lists of unicorn companies are maintained by The Wall Street Journal , [ 1 ] Fortune Magazine , [ 2 ] CNNMoney / CB Insights , [ 3 ] [ 4 ] TechCrunch , [ 5 ] PitchBook/Morningstar, [ 6 ...
India's electronics exports fell to $6 billion in FY14, accounting for 0.28% of the world's electronics trade. [28] India recorded a 22.24% growth in electronics exports, exceeding the $20 billion milestone within the nine months of the FY 2023-24.