India’s Start-Up Engine: $30 Trillion Economy on Innovation by 2047

India’s transformation from an emerging economy to a global startup powerhouse has been both swift and remarkable. Today, it stands as the world’s third-largest hub for innovation and entrepreneurship. One standout sector is fintech, which has seen significant growth fueled by the JAM trinity (Jan Dhan, Aadhaar, and Mobile). The country’s Digital Public Infrastructure (DPI) has created a strong foundation, enabling the private sector to drive innovation at scale.

However, to position India as the world’s leading startup nation, bold, forward-looking strategies will be essential to sustain momentum and unlock the country’s full entrepreneurial potential.

The future is tech-driven, and Indian startups must take the lead in pioneering innovation across deep tech domains such as artificial intelligence (AI), machine learning (ML), blockchain, quantum computing, and robotics. To truly unlock India's potential, it is crucial to develop multilingual and multimodal AI models that leverage the country’s diverse and unique data—ensuring they are inclusive and free from bias.

Innovation must be agile, cost-effective, and efficient, with a strong emphasis on open-source solutions to maximise impact while minimising resource use. This approach will enable Indian startups to do more with less and position themselves at the forefront of the global tech landscape.