India's startups expected to double by 2030

India's startup scene is set to grow rapidly in the coming years. A report from Longhouse predicts the number of startups will increase from 120,000 in 2023 to 240,000 by 2030. This growth could increase the number of "unicorns”—startups valued at over $1 billion—from 120 to 280. This expansion is also expected to create significant job opportunities. The report estimates that startups could generate around 50 million jobs by 2030. Four to five million of these will be direct white-collar positions, with nine to ten million from the gig economy. The majority of jobs will come from new startups, especially in sectors like artificial intelligence (AI), clean technology, and financial technology (fintech). The report also highlighted a change in who is starting these companies. Many new unicorn founders have around 10 to 15 years of experience, a rise from previous years. About 55% of these individuals have held leadership roles before launching their ventures, showing that industry experience is becoming more important. AI and technology-focused startups are gaining more attention from investors. While fintech remains strong, there is increasing interest in AI, deeptech, and sustainability startups. AI is expected to transform various sectors and create new jobs, even as it automates some existing tasks. Overall, India's startup ecosystem is evolving, with more experienced leaders and a focus on innovative technologies shaping its future.