India has been at the forefront of innovation in various sectors and the country's startup ecosystem has played a key role. From healthcare to education, finance to agriculture, Indian startups are revolutionising traditional industries with tech interventions and upgrades. According to a 2022 Economic Times study, Indian startups have grown significantly over the past six years. The number of recognised startups has grown from just 741 in 2016 to 72,993 as of June 30, 2022, according to the Ministry of Commerce and Industry. India has emerged as the world's third-largest startup ecosystem after the US and China.
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