New Delhi, May 11 India’s startup ecosystem has expanded from barely 350-400 startups in 2014 to greater than two lakh startups at this time, making India the world’s third-largest startup ecosystem, majorly pushed by decisive coverage reforms, Union MoS for Science & Technology, Earth Sciences Dr. Jitendra Singh stated on Monday.
India’s Global Innovation Index rating improved from 80 to 38, whereas the nation at this time ranks sixth globally in patents with over one lakh patents filed, over 55 p.c of them by Indian residents, the minister stated.
He added that India has additionally emerged among the many world’s main nations in scientific publications and innovation-driven analysis, the assertion from the Ministry of Science & Technology stated.
India’s main share of technological transformation has occurred within the final one decade as a result of decisive coverage reforms, robust political help for science and know-how, enhanced analysis freedom and elevated participation of the non-public sector, the minister stated.
Addressing the inaugural session of “Vigyan TECH 2026” organised on the event of National Technology Day at BRIC-NII, Singh stated, science and innovation obtained unprecedented nationwide precedence, leading to speedy technological development throughout sectors since 2014.
The occasion noticed launch of a compendium showcasing indigenous applied sciences developed by autonomous institutes and laboratories of collaborating ministries and Departments, in addition to know-how switch initiatives and alternate of MoUs.
Singh stated a number of landmark initiatives launched over the last decade have positioned India amongst frontline scientific nations.
Referring to the National Quantum Mission, India AI Mission, Anusandhan National Research Foundation, Research Development and Innovation initiative, WISE-KIRAN scheme for ladies scientists and NIDHI program for startups, he stated the federal government has persistently expanded alternatives for innovation, entrepreneurship and inclusive scientific development.
The minister additionally highlighted administrative reforms undertaken to supply larger autonomy and adaptability to scientific establishments, together with liberalised procurement norms and delegation of Global Tender Inquiry exemption powers to institute administrators to speed up analysis and innovation actions.
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