India has emerged as the third largest startup ecosystem in the world after the US and China and the pace of growth is not showing any signs of slowing down.

The Centre is making efforts to connect Indian startups with the government ecosystem so that its procurement requirements can be met with their innovative solutions, Union Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar said. The government is working to soon establish an institutional framework for Digital India Startup Hub to further promote the startup ecosystem in the country. Soon Digital India Startup Hub, an institutional framework, shall be established to further promote the startup ecosystem and centrally coordinate startup initiatives at the national level. The government is making efforts to connect startups with its ecosystem so that the government's procurement requirements can be met with innovative solutions by startups. The minister highlighted the importance of learning digital skills for India's expanding digital economy. Inspiring students and Startups to acquire skills in emerging technologies & highlighting the importance of learning Digital Skills for India’s expanding Digital Economy, he added “Innovation is the mantra going forward. Innovation is going to drive our future.

Going forward, Startups will be encouraged to develop solutions aligned to tracks such as creditisation, digitisation, and any market-led solution that can help solve a problem relevant to IPPB or DoP in serving the target customers. Startups in India are turning out to be a powerful vehicle to fulfil the dreams of the common Indian youth. Today, the Indian startup ecosystem is respected all over the world and we are today among the top three startup ecosystems in the world. “Our startups and entrepreneurs will drive the Indian economy towards USD 5 trillion and the Digital Economy towards USD 1 trillion,' said Chandrasekhar, who is also the Minist.