Start-up Boom Propels India to Global Top Three: Jitendra Singh

Singh said that this also points out that children had talent and the capacity to do things, but they were not channelised in a particular direction

Start-up Boom Propels India to Global Top Three: Jitendra Singh
info_icon

Union Minister Jitendra Singh on Friday said India has witnessed a transformational rise in entrepreneurship, with the number of start-ups growing to over two lakh, making the country the third-largest in the start-up ecosystem.

"Today, the results speak for themselves. In just a few years, we have grown from 350–400 start-ups to more than two lakh, and India now ranks third in the world. This reflects how far we have come and how much we have achieved," Singh said while addressing a start-up camp organised by the Indian Institute of Integrative Medicine in Jammu.

Singh said that this also points out that children had talent and the capacity to do things, but they were not channelised in a particular direction.

Tax The Rich

1 January 2026

Get the latest issue of Outlook Business

amazon

Highlighting Doda as the birthplace of the purple revolution as part of the Start-up India movement, the minister said the initiative has earned nationwide recognition and is now being celebrated across the country.

"From Uttarakhand and Himachal Pradesh to Arunachal Pradesh and as far as Nagaland, all Himalayan states are virtually part of this celebration," he said.

Singh said the region has emerged as a new centre of entrepreneurship for the youth, with agriculture at its core.

"For long, start-ups were believed to be synonymous only with IT, but agriculture is a vast and exclusive domain with immense potential. India’s 10,000-km-long coastline also offers enormous opportunities," he noted.

Referring to the Start-up India and Stand-up India initiatives launched in 2014 by Prime Minister Narendra Modi, the minister said that it marked a turning point.

"Before this, there was confusion -- people asked what start-up and stand-up actually meant. But once enabling support was provided, people surged ahead," he said.

Emphasising inclusive growth, Singh said that 45–50% of start-ups are now coming from Tier-2 and Tier-3 cities, breaking the myth that innovation is confined to metros like Bengaluru, Mumbai or Hyderabad.

"Another misconception that has been shattered is that one needs a PhD to start up. Many successful startu-ps are run by people who have not even completed graduation," he said.

Citing the lavender initiative as a model, he said its success was driven by on-the-spot distillation units, market linkages, and access to markets as far as Mumbai.

"The government is providing every kind of support -- technology, market and financial support," he added.

Singh also underlined the growing role of women entrepreneurs, saying 60–65 thousand out of the two lakh start-ups are women-led.

"The lavender success story has broken several myths -- that only scientists can lead, that women cannot lead, and that start-ups must be based in big metros," he said.

Calling for greater passion and mentorship, the minister said talent in small towns is immense.

"If you speak to these young girls for just two minutes, you will understand their capability. We must hand-hold them and give them direction at the right stage," he said, citing the Vigyan Jyoti scheme as an example of early guidance for students. 

Published At:

Advertisement

Advertisement

Advertisement

Advertisement

×