Economic Boom, Startup Slump: India's Growth Puzzle

  • India's economy is thriving, projected to grow at 6.2% in 2024.
  • Yet, the startup scene is experiencing a slowdown.
  • No new unicorns (>$1 billion valuation) have emerged in 2024, compared to 14 in the same period last year.
  • Experts suggest a funding crunch, investor caution after market corrections, and a shift towards profitability over hyper-growth could be factors.
  • This trend raises concerns about long-term innovation and job creation in India's booming economy.

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