India entering Amrit Kaal with strong macroeconomic fundamentals: Piyush Goyal
Union Minister of Commerce & Industry, Piyush Goyal has said that India is entering the Amrit Kaal with strong macroeconomic fundamentals. The next 25 years will be a defining period for India. He said ‘Our startups will play a crucial role in realising the vision of a self-reliant, inclusive, and globally competitive India. The government is fully committed to providing all necessary support - whether it is policy initiatives, infrastructure, or access to capital - to ensure their success.’
Minister further noted that India has seen 76 Initial Public Offerings (IPOs) for the calendar year 2024, stating that India has become world’s 3rd largest startup ecosystem with 1,59,157 startups as of January 15, 2025 from around 500 in 2016 generating 17.2 lakh direct jobs. He also shared that startups have till date received a total funding of Rs 13 trillion from the Government.
While launching the Bharat Startup Grand Challenge and Prabhaav factbook on 9th Foundation Day of Startup India, he emphasized the broader impact of startups beyond economic contributions. He stated that startups are not merely businesses; they are agents of change. He said ‘They have addressed some of the most pressing challenges of our time - whether it is sustainability, renewable energy, healthcare, or digital transformation. Through their innovation and resilience, they are shaping a better future for all of us.'
