India Boasts Third-Largest Startup Ecosystem with 138 Unicorns

Imagine a place where many people start new companies to solve problems — that place is India.

In the whole world, only the United States and China have more new companies than India.

India has almost 7 lakh startups, and 138 of them have become 'unicorns,' meaning they are worth more than a billion dollars.

These companies make apps and websites for shopping, banking, and office work.

Many of them are also working on clever new technology and artificial intelligence.

The new companies grow faster than the rest of India's economy.

In recent years, they have grown about 10 to 15 percent every year.

Because of all this, about 24 lakh people have found jobs at these companies.

So starting a new company in India is full of exciting possibilities.