Over the past eleven years, India has quietly redefined its economic identity, pivoting from a regulation-heavy environment to a globally admired startup and investment destination.
Under a governance model rooted in transparency and trust, India now boasts the third-largest startup ecosystem and a cumulative FDI inflow exceeding $1 trillion since 2000, most of it arriving in the last decade.
One of the defining shifts came with the removal of the Angel Tax in 2024, which energised the startup landscape. Combined with the Transparent Taxation platform launched in 2020 and the streamlined SPICe+ system for new businesses, entrepreneurs now navigate a friendlier, digitised regulatory environment.
GST has unified the nation’s fragmented tax landscape, eliminating inter-state trade bottlenecks. Meanwhile, infrastructural leaps under PM Gati Shakti and the National Logistics Policy have improved connectivity and efficiency in goods movement.
Today, over 1.6 lakh startups thrive across sectors, 118 of which have attained unicorn status. Significantly, more than half emerge from Tier II and III cities, underscoring a democratized innovation wave.
India’s transformation isn’t just administrative; it’s cultural. With the repeal of over 1,500 outdated laws and the implementation of labour reforms, the government is embracing its role not as a regulator but as a growth partner.
As the world watches, India stands poised not just as an economic engine but as a model for business-centric governance. As the nation eyes its Viksit Bharat 2047 vision, the groundwork laid today signals a promising, inclusive future for generations of innovators.