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Number of startups in India to double to 2.4 lakh by 2030: Report

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India’s startup ecosystem is poised for rapid expansion, with the number of startups projected to double from 1.2 lakh in 2023 to 2.4 lakh by 2030, as per a report by executive search firm Longhouse, The Times of India said.

This growth is expected to drive a surge in high-value enterprises, with the number of unicorns, or startups valued at over $1 billion, likely to increase from 120 currently to 280 by the end of the decade. The expansion is also expected to significantly impact employment, with startups contributing to both direct and indirect…

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