India Ranks 20 in the Global Startup Ecosystem Index 2021 among the top 100 countries by Startup Blink with the jumped three spots up in the global start-up ranking this year.
Daily Current Affairs Quiz 2021
The country was in the 17th spot in 2019, after which it slid six spots down and stood at 23 in 2020.
Like last year, the US, the UK, Israel, Canada and Germany are in the top five spots this year too and continue their lead.
According to the report, India needs to better its infrastructure and Internet speed in order to further strengthen its start-up ecosystem.
It also stated that the start-ups must focus on finding innovative solutions that are adaptable across the world, instead of focussing on local markets alone.
India currently has 43 of its cities listed in the top 1000, globally, with Bengaluru, New Delhi and Mumbai in the top 20.
Getting three of its cities featured among the top 20 globally is a feat that only one other country has trumped — the US.
China, which is well known for its robust start-up environment, has only two of its cities listed in the top 20 — Beijing and Shanghai.
