PM Modi Celebrates 'Startup India' Decade: India Becomes 3rd Largest Startup Ecosystem

• Prime Minister Narendra Modi addressed an event at Bharat Mandapam, New Delhi, marking 10 years of the 'Startup India' initiative on National Startup Day.
• Modi highlighted India's transformation into the world's third-largest startup ecosystem, growing from under 500 startups to over 200,000 in a decade.
• The number of active unicorns has surged from 4 in 2014 to approximately 125 today, attracting global attention.
• Startup India has fostered a new culture, enabling youth from tier-2/3 cities and villages, including over 45% women directors/partners, to launch ventures.
• The government has implemented policies like decriminalizing regulations, simplifying processes, and providing over 25,000 crore rupees through the Fund of Funds to support startups.

Why It Matters: Startup India's decade-long journey has transformed India into a global startup powerhouse, fostering innovation and job creation.