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Key Points

Union Minister Dr Jitendra Singh stated that India's future growth depends on building a startup-linked economy with strong industry partnerships. He emphasized that while campuses generate ideas, long-term success requires industry backing for funding and market exposure. The minister highlighted India's significant improvement in global innovation rankings and the growing presence of women-led startups. He also noted that startup growth is expanding beyond metros into smaller towns and diverse sectors across the country.

Key Points: Jitendra Singh Says India Future Growth Needs Startup-Linked Economy

  • India's startup ecosystem must focus on sustainable ventures for competitive markets
  • Industry linkage provides financial backing and market exposure for startups
  • Nearly 60% of India's registered startups are now women-led ventures
  • India rose from 81st to 39th in Global Innovation Index in under a decade
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India's future growth depends on building a 'startup-linked economy': Minister

Union Minister Dr Jitendra Singh emphasizes industry partnerships for sustainable startups, highlights India's rise in innovation ranking & women-led ventures growth.

"We pushed for industry-linked startup and a startup-linked economy - Dr Jitendra Singh"

New Delhi, Sep 7

India’s future growth will increasingly depend on building a ‘startup-linked economy’ anchored in strong industry partnerships, according to Union Minister Dr Jitendra Singh.

According to Dr Singh, the government has created an enabling ecosystem for innovation and entrepreneurship, but sustaining startups requires early and substantial engagement with industry.

He was speaking at the launch of 'Campus Tank' organised by Chandigarh University. “This was mainly for industry linkage. The launch of Chandigarh University Campus Tank will give a push to StartUp linked economy through industry linkage. We have prioritised the industry. This is startup funding,” he noted.

He further added that we need to keep industry ahead to sustain.

“So, we pushed for industry-linked startup and a startup-linked economy. Startup-linked economy is also a good expression, he stressed, adding that while ideas and research emerge from campuses, their long-term success depends on structured partnerships with industry that bring in financial backing, market exposure, and scale," the minister added.

The minister explained that India’s startup story so far has been driven by energy and innovation, but the next phase must focus on building sustainable ventures that can endure in competitive markets.

He cited examples from sectors such as biotechnology, agriculture, and space, where government support and industry collaboration have already delivered measurable results. Industry participation, he said, not only strengthens start-ups but also ensures that investments are productive and generate livelihoods.

He emphasised that India’s startup ecosystem is no longer limited to metros or technology hubs, with smaller towns and diverse sectors increasingly contributing to new ventures. This, he added, is a sign of an aspirational India ready to harness innovation for growth.

Dr Singh also pointed out India’s rising global standing in innovation, noting that the country has moved up from rank 81 to 39 in the Global Innovation Index in less than a decade.

He highlighted that nearly 60 per cent of India’s registered start-ups are women-led, reflecting a shift where women are not just participants but leaders of major projects.

Citing examples, he said women scientists are steering national missions such as Aditya L1 and Chandrayaan-3, underscoring the inclusive character of India’s scientific and start-up ecosystem. The Minister further underlined that India’s progress is also visible in patent filings, where the majority of recent patents are being filed by resident Indian innovators, reversing earlier trends.

—IANS

- IANS

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Reader Comments

R
Rohit P
While the vision is good, implementation is key. Hope this doesn't become another government scheme that looks good on paper but doesn't reach small towns. Startups in tier-2 cities need equal access to industry networks.
A
Ananya R
So proud to see 60% women-led startups! This is the real progress. Women entrepreneurs bringing fresh perspectives to the ecosystem. Jai Hind! 🇮🇳
V
Vikram M
From rank 81 to 39 in Global Innovation Index - that's massive progress! Shows what happens when government, industry and academia work together. More power to our startups!
S
Sarah B
The focus on sustainability is crucial. Too many startups chase valuation over actual business fundamentals. Industry partnerships can bring that much-needed reality check and mentorship.
K
Karthik V
Hope this includes manufacturing and agriculture startups too, not just tech. Real growth will come when innovation reaches every sector of our economy.

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