Having the second largest population, it is only obvious for India to have the third largest startup community in the world. With 4200 startups and a weekly funding of USD 100 million, India has made its presence in the eco-system of entrepreneurship. With Flipkart and Snapdeal going bigger and bigger, it is only going to be fun to see the Indian startups change the world for better.
National Association of Software and Services Companies in association with Zinnov has published the Global Ranking of the countries based on the growth of their startup eco-system. NASSCOM and Zinnov together have ranked India as the third largest community of Startups.
India in recent past has shown tremendous growth in the field of Tech startups. With the growth of 40 percent, India is bound to make it up to the first rank in the coming years. It is going to be delightful to see India climb up the rankings and solve the problems of the contemporary world with the help of startups. The president and the chief guest at Summit praised India and the entrepreneurs from India. They take pride in seeing India climb up the rankings and answer the calls of the contemporary world.
Ravi Gururaj, Chairman, NASSCOM Product Council, said “India is the youngest start-up nation in the world with 72% of the founders are less than 35 years old, and 50% rise in share of female entrepreneurs in 2015 over 2014. We are thankful to the Government for the policies and initiatives that are aimed towards improving the overall start-up ecosystem. NASSCOM has been partnering with the Governments for Start-up warehouses to create a micro-ecosystem where start-ups and entrepreneurs can work together, share their learnings and best practices with each other. This is fostering an entrepreneurial culture contributing to the increased knowledge, employment and societal wealth.”
The eyes of experts from around the world are now on India. Venture capitalists are looking forward to invest in India and see the startup industry here grow. The world is slowly turning into the fan of Indian startup eco-system. The amazing technology and the affordable products are looking forward to change the world and way people live.
The report presented by NASSCOM depicts the vast potential of India in the world of startups. The youth here is in love with tehcnology. India also provides Microsoft and Cogniznt with the maximum number of engineers and data analysts. India has always been contributing to the world of technology but it is just that the contemporary India is claiming its share of profit and fame by starting up.
With the new government aiming to help people establish better businesses, it is time for the Indian entrepreneurs to go ahead and make a dent in the world. there are going to be a lot of challenges, innovate and come over it. Break rules and set new paradigms. With the world’s eye on you, it is time for you to make it large.