Question:
Which of the following statements about India’s startup ecosystem in 2024 are correct?
(1) India had over 1.17 lakh recognized startups.
(2) The Startup India Seed Fund Scheme disbursed Rs. 1,000 crore.
(3) Unicorn startups doubled in number since 2020.
(4) The National Startup Advisory Council was dissolved in 2024.
Choose the correct statements from the options given below:
(A) (1) and (4) only
(B) (2) and (3) only
(C) (1) and (2) only
(D) (3) and (4) only
The correct statements about India’s startup ecosystem in 2024 are (1) and (2) only: India had over 1.17 lakh recognized startups, and the Startup India Seed Fund Scheme did disburse Rs. 1,000 crore. There is no credible evidence that the number of unicorn startups doubled since 2020, and the National Startup Advisory Council was not dissolved; rather, it was reconstituted in 2024. Therefore, the answer is:
(C) (1) and (2) only
Key Details
- India had over 1.17 lakh recognized startups in 2024, crossing even 1.57 lakh by December 2024.
- The Startup India Seed Fund Scheme reached disbursement of Rs. 1,000 crore for supporting startups.
- Unicorn count grew but did not exactly double since 2020; estimates indicate about 120 unicorns in 2024 compared to 44 in 2020.
- The National Startup Advisory Council was reconstituted, not dissolved, with new members nominated in 2024.
These facts confirm that only statements (1) and (2) are correct for 2024.