India to have 1 Lakh startups by 2025: Mohandas Pai

Mumbai Dec 4: Currently Indian economy has started to grow once again as the GDP has risen to 6.3 % from 5.7 % in last quarter and many experts have said that Indian economy would grow further in coming days.

Recently at an event Manipal Global Education Chairman T V Mohandas Pai has said that "By 2025, I believe that we will have 1,00,000 startups all over the country. They will create USD 500 billion of value and lot of money for investors. They will employ 3.25 million people "

He added that "Youngsters through the use of technology are solving hardcore challenges and I believe that innovation by young people will transform India". Pai has added that "India has possibly got the third largest ecosystem for startups after the US and China."

currently there are 32,000 startups and every year 7,000 companies are coming around .Sources said that "the impact of startups can be seen in many sectors including education, healthcare, education and e-commerce."