India will have one lakh startups by 2025, employing 3.25 million people, Manipal Global Education Chairman T V Mohan Das Pai said on the sidelines of Tech Conclave organized by National Stock Exchange (NSE).
He further said startup ecosystem will facilitate creating US$10 trillion economy in India by 2030. Besides, startups will help solve the country’s problems.
Currently, there are 32,000 startups and every year 7,000 companies are coming around.
“India will have one lakh startups by 2025 employing 3.25 million people and creating US$500 billion in value,” Pai said.
The event was organised by NSE to talk to startups as to whether they could access the markets, and to create a conducive capital market ecosystem for the new economy and technology companies in the country.
Pai, who is also an angel investor, asked new age technology companies to go public as listing will provide liquidity and create brand value for such entities.
He further said India has possibly got the third largest ecosystem for startups after the US and China. Notably, in Nasscom’s India Start-up Report 2014, it was revealed that< India is 3rd largest startup ecosystem in the world. NSE Managing Director and CEO Vikram Limaye also said the exchange is committed to building an ecosystem for efficient functioning and growth of startups in India. He also urged startups to go public once they have reached a certain scale as listing will provide them liquidity and also give exit options to private equity as well as venture capital funds which have invested in them. NSE, which provides Emerge ITP platform for listing of the new age companies in technology, data analytics, biotechnology or nanotechnology, said such companies will drive the economy growth in the coming years. In February 2017, it was revealed that India houses 4,750 tech startups — the highest number in the world after the United States and Britain.
To recall, last year in May, according to a new market map by CB Insights, there are 197 companies in the world that can be currently identified as “unicorns” as they have earned a valuation of $1 billion and above. Of these 197, 22 new unicorns were added this year (till 26/05/17) alone signalling a good time for the Global Startup Industry. The map also highlighted that India with 4 per cent of the world’s unicorns based out of its land, is ranked 3rd in countries with most unicorns.