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India Announces New $1.15 Billion Fund for Startups

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a day ago

Summary

India announces a new $1.15 billion fund for startups, regulatory reforms, and an ambitious nuclear energy program. The fund aims to boost tech innovation and create jobs in India's growing startup ecosystem.

Key Points

The new fund will have an expanded scope compared to previous initiatives
The government also outlined plans for a High-Level Committee for Regulatory Reforms to ease compliance burdens for startups
India's startup ecosystem is projected to grow between 6.3% and 6.8% in the coming year

Why It Matters

The new fund and regulatory reforms aim to create jobs and drive innovation in India's growing startup ecosystem, which is crucial for the country's economic growth.

Author

Manish Singh

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