India, Feb. 6 -- image credit- shutterstock

The government has revamped the Startup Recognition Framework to further strengthen the Startup India Action Plan and take forward the Prime Minister's vision of positioning India as a global innovation powerhouse, manufacturing-led economy and hub for emerging tech.

As Startup India enters its second decade, the revamped framework seeks to provide a more predictable, inclusive, and future-ready policy environment for founders while facilitating the flow of long-term limited capital in high-technology and research-intensive sectors.

The following are the major amendments made in the Startup Recognition Criteria:

Increased Turnover Limit for Startup Recognition:

Keeping in view the evolving ...