How India is Scaling its Innovation Ecosystem in 2026
India's innovation ecosystem has grown significantly, with over 2 lakh startups and a combined valuation of $350 billion, driven by a shift from services to deep-tech and global technology leadership ambitions. The government has launched initiatives such as the Rs. 1 lakh crore R&D fund and semiconductor investments to support this growth.
India's startup ecosystem has crossed 2 lakh startups and $350 billion in valuation. The government has launched a Rs. 1 lakh crore R&D fund to support private sector innovation. India now holds the third-largest startup ecosystem in the world. Nearly 50% of startups come from Tier-II and Tier-III cities. The government has approved four semiconductor plants, including an ATMP facility in Gujarat. India aims to reduce its reliance on imported electronic components.
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