India's Startup Ecosystem Drives Defence Innovation and Economic Growth
SPACE ECONOMY
India's 'Startup India' initiative, launched in 2016, has transformed the country into an innovation hub, particularly in the defence sector, where over 1,000 startups contribute nearly 23% of total defence production. The government has facilitated this growth by issuing over 788 industrial licenses and supporting projects like an indigenous Quantum Positioning System and solar-powered drones. Additionally, the emergence of 382 space sector startups and initiatives such as the India Semiconductor Mission highlight the government's commitment to fostering a robust innovation ecosystem.

Jan 16, 2026, 6:28 AM