Q.3 India is fast becoming one of the largest startup ecosystems in the world. In the contest of this, examine the factors driving this growth and its implications for the Indian economy. (10 Marks)

Mentor’s comment-

https://www.livemint.com/economy/economic-survey-india-becomes-third-largest-startup-ecosystem-in-the-world-11643626506129.html
https://indianexpress.com/article/opinion/columns/start-us-failing-society-economy-7812227/
In the intro, mention that as per the Economic Survey 2021-22, India has become the third-largest startup ecosystem in the world after the US and China.
In the body mention the factors such as policy measures by the government, liquidity flow in India after covid, tax incentives by the government etc. In the implications for the economy mention innovation, productivity and job creation.
Conclude by mentioning the need to continue supporting this ecosystem.