Indian startups may add $1 trillion to Indian economy by FY30: CII report

Indian startups are likely to create 50 million new jobs and add $1 trillion to the economy by 2029-30 (FY30), the Confederation of Indian Industry (CII) has said in a report.

The report, titled ‘Unicorn 2.0: Adding the Next Trillion’, also said that the size of the Indian economy was likely to be $7 trillion by 2030. The report, released on Thursday, was prepared in partnership with McKinsey & Company.

Startups which are valued at $1 billion or more are called Unicorns.