What if a million startups could transform India’s economy? Nandan Nilekani says it’s not just possible—it’s inevitable.
Infosys co-founder and Aadhaar architect Nandan Nilekani has made an exciting prediction: India will have 1 million startups by 2035, with most emerging from smaller towns and cities, not just metros.
Right now, India has around 150,000 startups, but Nilekani expects this number to grow by 20% every year—faster than the country’s overall economic growth.
Why Non-Metros Are the New Startup Hubs
Interestingly, nearly half of India’s startups are already based in smaller cities, solving local problems. Take Appiamart, for example—a retail chain focused on smaller cities, much like DMart. Nilekani believes this trend will only grow, creating jobs and innovation outside traditional business centers.
Also Read: Quick Commerce Revolution: How India is Embracing 10-Minute Deliveries
How India Can Reach an $8 Trillion Economy
Nilekani suggests four key steps to boost India’s GDP growth from 6% to 8% and expand the economy to $8 trillion by 2035:
- Technology – Going all-in on AI, especially in agriculture, healthcare, and education.
- Capital – Funding startups and small businesses beyond metros.
- Entrepreneurship – Encouraging more people to start businesses.
- Formalisation – Simplifying regulations to help businesses grow.
He also highlights the role of India’s young, tech-savvy workforce—3 million Gen Z professionals who are digital-native and ready to drive this change.
The Future is Bright
With the right policies, investments, and innovation, India’s startup revolution could redefine its economy. As Nilekani puts it, “It’s a virtuous cycle of capital and entrepreneurship.”
Also Read: India vs. China Startups: Who’s Building the Future?
