Startups vital in boosting GDP to $7-trn mark: CEA
Says tier-2 & 3 cities including Kerala’s capital, have become game-changers in helping startups
- 1.12 lakh startups recognised by DPIIT
- Over 110 unicorns with total valuation of $350 bn
- India ranks 2nd in innovation quality
- Startups resolving problems across 56 industrial sectors
Thiruvananthapuram: Startups will play an important role in helping India become the third largest economy in the world, Chief Economic Advisor (CEA) to the Union government V Anantha Nageswaran has said.
Nageswaran said that tier-2 and 3 cities, including Kerala’s capital, have become game-changers in helping startups flourish in the country due to improvements in infrastructure and supportive policies of the government, according to a KSUM release. The CEA, during his Leadership Talk on the concluding day of the Huddle Global 2023 organised by the Kerala Startup Mission (KSUM), said that India was the fifth largest economy on course to become the third largest in a few years.
“In fact, I will say 7-in-7 is the buzz slogan, that is $7 trillion economy in seven years. Seven trillion $ economy size by 2030 is possible if India maintains its present growth trajectory.”