India is home to 107 automotive unicorns, making it the third-largest start-up ecosystem in the world. Over the past 3 years, the country witnessed the establishment of an estimated 30,000+ start-ups and a consolidated inflow of more than $50+ billion.
• Seed, angel, venture, and private equity funds, along with government, incubator, and accelerator support, have played a significant role in the rapid expansion of the country's automotive start-up ecosystem.
• Through its flagship Startup India initiative, which was launched in 2016, the government, for its part, is fostering an environment that is favorable to entrepreneurs.
• To promote enhanced eGovernance, investments, and technological innovation through research and higher education to support entrepreneurship and propel economic growth, the Indian Government is pushing the country toward a knowledge-based and digital economy.
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