CII Report: Unicorns will add 01 lakh crore dollars to GDP, will provide 5 crore jobs

The Indian startup ecosystem is expected to grow rapidly in the next 7 to 10 years. According to the Unicorn 2.0 report released by the Confederation of Indian Industry (CII), by the year 2030, new unicorn companies will add one trillion dollars to the country's GDP. It will also provide 5 crore new employment opportunities. CII said, the contribution of unicorn companies is expected to be one trillion dollars in the Indian economy reaching $7 trillion by 2029-30. According to the report, sectors like retail, e-commerce, financial services, manufacturing and software services and digital are set to drive growth in a big way.

- Contribution of unicorn companies is expected to be one trillion dollars in the economy reaching 7 trillion dollars by the year 2029-30.

- 20-25 Indian startups will be in leading positions globally by 2030-35.

- Over 1,000 corporate leaders will emerge from the Indian startup ecosystem, with no lapses in corporate governance

There are currently 113 unicorns in the country whose combined market capital is more than $350 billion.

What kind of jobs will come:

Direct (Permanent) Jobs 40-45 Lakh

Gig Workers (Temporary Jobs) 90-99 Lakh

Indirect employment 3.5-4 crore

What is the contribution of startups in which sector in GDP?

Sector 2022-23 2029-30*

Retail-Ecommerce 75-80 380-400

Manufacturing 03-04 140-160

Fintech 08-09 65-75

SAS 06-08 40-60

Others 40-45 260-270

(Gross merchandise value (GMV) in billions of dollars)

Investment of Rs 5,039 crore came in Indian startups in February, 2024, funding increased by 7% compared to January and 43% on annual basis.

Bengaluru tops in startup funding

City investment

Bengaluru 2,661

Mumbai 922

Delhi-NCR 829

Pune 240

Hyderabad 202

Jaipur 50

Chennai 46

Ahmedabad 46

Kolkata 23

(Amount in crores of rupees)