New Delhi, June 12 || There has been a surge in private investments in the last 11 years, with Indian startups and emerging entities attracting significant private funding to the tune of over $150 billion in the past decade, Commerce and Industry Minister Piyush Goyal said on Thursday.
More than Rs 22,900 crore have been invested in over 1,270 startups via the government's Fund of Funds for Startups scheme.
"India is embracing technology like no other! This digital transformation is the outcome of the forward-looking vision and timely policy interventions under the leadership of Prime Minister Narendra Modi. Every section of society and every aspect of life has been positively impacted by 11 years of Digital India," Goyal said in a post on social media platform X.
IP filings by the domestic startups surged from 2017 to 2024, with over 355 per cent growth in patents and more than 543 per cent growth in trademarks.
India now ranks 39th globally on the 'Global Innovation Index 2024'.
Goyal said he is proud to witness the profound impact of PM Narendra Modi’s revolutionary initiative ‘Startup India’ on boosting innovation and enterprise in the country.