Where Indian start-ups stand globally after Union Budget 2017-18

In the sluggish global economy and a slowdown in venture capital funding, India has managed to retain its startup growth story with about 4,750 technology start-ups.

India ranked as the third-largest startup base in the world behind the US (about 52,000 startups) and the UK (about 4,900 startups), according to the Indian startup report released by Nasscom and consulting firm Zinnov, last year and it seems like post budget, that number is going to increase.

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The report further added that the number of startups in the country is likely to more than double its base to 10,500 startups by 2020, employing over 210,000 people.

Over 30 new academic incubators have been established under the government’s ‘Start-up India Stand-up India’ initiative this year. Tier-II-III cities have established 66 percent of the new incubators, the report noted.

In 2016, $4 billion invested in Indian startups – deal value decreased 55%, volume increased by 3% from 2015.

Let's see how India compares to the UK, China, and the US when it comes to startups.