Commerce and Industry Minister Piyush Goyal today said that the Startup India initiative has witnessed remarkable growth from four fifty startups in 2016 to over one lakh currently, making India the world's third-largest startup ecosystem. Addressing the Bada Business Entrepreneurs Launchpad event in New Delhi, Mr. Goyal underlined the government's commitment to improving the ease of doing business in India.
 
The Minister emphasized the crucial role of the country's youth as the foundation for India's development in the Amrit Kaal. He expressed confidence that by 2047, India's economy would experience exponential growth. Mr. Goyal pointed out that the world is increasingly attracted to opportunities available in India and its diversity and economic growth. He added that India’s G20 Presidency provided an opportunity to showcase development undertaken in the nation to the world.