
Former Union Minister Anurag Singh Thakur stated that startup growth reflects investor trust in government policies. Over fifty percent of startups register in Tier 2 and Tier 3 cities. India has 212,000 DPIIT-recognised startups and 120 unicorns, making it the world's third-largest startup ecosystem. The country is the fourth-largest economy with a $4.18 trillion GDP. Thakur highlighted initiatives like Startup India and Stand Up India.