One lakh startups by 2025, employing 3.25 million people.
The Chairman of Manipal Global Education Mr. Pai remarked that India will have one lakh startups by 2025, employing 3.25 million people. Mr. Pai further stated that the startup ecosystem will enable the creation of $10 trillion economy in India by 2030. He also went on to say that startups are the solution to the country’s problems. At present, there are 32,000 startups and approx. 7,000 companies are formed each year.
The event was organized by the National Stock Exchange to communicate with budding entrepreneurs on important topics such as easy access to the markets, creation of a conducive capital market ecosystem, and how tech companies in the country can leverage various government and private initiatives. Pai, also an angel investor, asked new age technology companies to go public as listing will provide liquidity and enhance brand value for such entities. He further said India has possibly got the third largest ecosystem for startups after the US and China. NSE Managing Director and CEO Vikram Limaye also said the exchange is committed to creating a favorable ecosystem for efficient functioning and growth of startups in India.