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India's startup ecosystem can contribute 4 5% to GDP in the next 3 5 years: StrideOne

videos | Dec 21, 2022 7:47 PM IST

India's startup ecosystem can contribute 4-5% to GDP in the next 3-5 years: StrideOne

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According to report by StrideOne, India's startup ecosystem has the potential to contribute 4-5 percent to the gross domestic product (GDP) in the next 3-5 years. The report has projected that the registration of new startups is likely to grow at an annualised rate of 25 percent in the next five years.

With more than 60,000 registered startups, India's startup ecosystem has the potential to contribute 4-5 percent to the gross domestic product (GDP) in the next 3-5 years, according to report by StrideOne.

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The report projects that the registration of new startups is likely to grow at an annualised rate of 25 percent in the next five years. That's not all, the report added that that job creation by startups will grow at 24 percent annually between 2022 and 2027.
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