From FY16 to FY23, startups contributed 10 to 15 percent to India’s gross domestic product (GDP) growth. In FY23, startups contributed about $140 billion to the economy, a figure projected to reach $1 trillion by 2030. India’s startup ecosystem has grown significantly over the past decade due to a vast consumer market, supportive government policies, a surge in venture capital (VC) funding, talent availability, and the younger generation's entrepreneurial spirit.