Question : Accordingly Nasscom, What is the rank of India in the world in terms of ecosystem for start-ups ?
a. Third
b. Second
c. Fourth
d. Fifth
Ans. a.
Related facts —
- Accordingly Nasscom, India has the third-largest ecosystem for start-ups in the world and the number of such firms is growing significantly.
- Most of the start-ups are on the application side, while a lot of work has also been done in the field of software-aided services.
- It is notable that the number of start-ups is growing significantly in India with ten per cent being added every year.
- Nasscom centre of excellence is the largest tech innovation ecosystem in India, comprising start-ups, innovators, enterprises and the government.
- Funding pattern is getting healthier for the unicorns in India.
- It is notable that in business terms, a unicorn is a privately held start-up company valued at over 1 billion dollar.
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