Startups Attract 3.8x More Private Funding Than Govt Schemes: DPIIT

• DPIIT Secretary Amardeep Singh Bhatia revealed startups received 3.8 times more funding from the private sector than from government schemes.
• The number of startups in India has surged from 400 in 2016 to over 200,000, driven by the expanding Alternate Investment Fund (AIF) ecosystem and tax incentives.
• Prime Minister Narendra Modi will inaugurate National Startup Day on January 16 in New Delhi, marking the 10th anniversary of the Startup India initiative.
• DPIIT is focusing on deep-tech to boost manufacturing and expects new facilities as supply chains deepen, encouraging startups to innovate and build components for large companies.
• India has attracted $51 billion in FDI over the past six months, and DPIIT plans 75 grand challenges sponsored by corporate houses this year.

Why It Matters: Indian startups are significantly more reliant on private funding, with robust growth and government support for innovation.