India, Jan. 15 -- It was 2015 and the word "startup" wasn't cool. That year on Independence Day (August 15), Prime Minister (PM) Narendra Modi announced the 'Startup India' initiative to encourage entrepreneurship among the youth of India.

Months later on January 16, 2016, the action plan for the scheme was laid down and the roadmap was created to make the country a startup powerhouse and create a conducive ecosystem for entrepreneurs.

Nine years later, as we celebrate the National Startup Day, India has bloomed into the world's third-largest startup ecosystem, which, as per Inc42 data, has raised more than $158 Bn+ funding between 2014 and 2024.

As per government estimates, India is home to more than 1.59 Lakh Department for Promotion...