Unleashing Bharat’s Startup Potential: Why Now Is the Best Time to Build | Chintan Oza | TEDxSAKEC

Startup Ecosystem Overview - The ecosystem boasts 165万 (1.65 million) startups and is projected to double by 2030 [6] - India has 180 unicorns and is rapidly adding more [6] - There are over 870 registered accelerators and incubators, supported equally by government and private institutions [7] - The government has allocated 10,000 crore (100 billion) rupees for nurturing startups, with another 10,000 crore (100 billion) rupees fund being created [9] Technological Advancement & Infrastructure - In 2018, the ratio of internet-connected devices to humans was 240%, and it has grown to approximately 360% [3] - India is transitioning from fossil fuels to electric vehicles and then to hydrogen power [5] - 4G or 5G networks are available in approximately 7,900 towns and over 140,000 villages [15] - The average cost of internet data is just 9.08 rupees per gigabyte [16] Investment & Talent - The country has received over 155 billion USD in funding from venture capitalists in the last decade [11] - The education system is expected to produce another 18 million STEM graduates by 2027 [12] - The median age of the population is 28.4 years [13] Digital Adoption & Usage - India is the second-largest internet user base globally [14] - Average Indian consumes around 24 GB of data [16] - India is number one in terms of real-time bank payments [17]